The Reserve Bank of India has projected a GDP growth rate of 6.7 percent for the current fiscal year, citing resilient domestic demand as a primary driver for the economy.
RBI Governor Sanjay Malhotra announced that the central bank will maintain the Repo rate at 5.25 percent while continuing with a neutral monetary policy stance.
The Indian economy outperformed growth expectations during the April-June quarter, maintaining its position as the world's fastest-growing large economy according to the latest RBI assessment.