RBI Governor Sanjay Malhotra During a press conference after the announcement of the first bi-monthly monetary policy of the current tax year in Mumbai on April 9, 2025. | Photocredit: PTI
Reserve Bank On Wednesday (April 9, 2025), the growth gursing from India to 6.5% of 6.7% previously estimated for the current financial year due to the impact of global trade and policy securities.
The prospects of the agricultural sector remain clear on the back of healthy reservoir levels and the robust crop production in 2025-26, said RBI government Sanjay Malhotra, while the outcome of the first bi-monthly monetary policy committee meeting for the current financial year was unveiled.
“The production activity shows signs of revival with business expectations that remain robust, while the activity of the service sector is still resilient,” he said.
“Investment activity has received a grip, and this is expected to improve further after the ongoing higher capacity use, the continuous drill of the government on infrastructure expenditure, healthy balance sheets of banks and companies, together with the enlightening of financial circumstances,” he said.
“The export of merchandise will be weighed by global uncertainties, while the export of services is expected to remain resilient. Windwind due to global trading disruptions will continue to form downward risks,” he said.
If you consider all these factors, he said: “The real GDP growth for 2025-26 is now projected at 6.5%, with Q1 at 6.5%; Q2 at 6.7%; Q3 at 6.6%; and Q4 at 6.3%.”
“Although the risks are considered evenly around these baseline projections, uncertainties remain high in the aftermath of the recent peak in global volatility. It can be noted that the growth projection for the current year has been demolished with 20 basic points compared to our earlier assessment of 6.7% in February,” he said.
“This downward revision essentially reflects the impact of global trade and policy security,” he said.
Published – April 9, 2025 01:33 pm is
