RBI retains GDP Forecast at 9.5%, revises inflation estimate down at 5.3%

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The Reserve Bank of India has retained its growth forecast at 9.5% for FY22 while revising down its inflation forecast to 5.3% (from 5.7% earlier) given the lower than expected food inflation momentum. RBI’s in-house model expects it to ease further in FY’22-23 to 4.5-5.2%. But real GDP growth may be lower at 7.8% in … Read more