RBI raises India FY24 GDP forecast by 10 bps to 6.5%

The Rese​rve Bank of India differed with the World Bank and painted a better picture of India's growth prospects and expected price pressures to ease as crop output increases. "While the numbers may not really be significant, the messaging is subtle that the MPC (monetary policy committee) expects the economy to fare well on both counts this year," said Madan Sabnavis, chief economist at Bank of Baroda.

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