Stronger-than-expected economic growth has led to hardening of bond yields, leaving the market divided over the Reserve Bank of India's upcoming monetary policy decision, a report by Union Bank of India stated.
The Indian economy may have registered a strong growth rate of around 6.8 per cent to 7 per cent in the first quarter of the current financial year, significantly higher than the Reserve Bank of India's estimate of 6.5 per cent, according to a report by the State Bank of India (SBI).
Despite the uncertain global trade environment due to ongoing tariff announcements and trade negotiations, the Reserve Bank of India (RBI) has kept the GDP growth projection for the current financial year 2025-26 unchanged at 6.5 per cent.
India Ratings and Research (Ind-Ra) has slashed India's GDP projections for 2025-26 to 6.3 per cent, a 30 basis points lower than its earlier forecast of 6.6 per cent in December 2024.
The GDP projections for Q1, Q2, Q3, and Q4 2023-24 are estimated at 7.8 per cent, 6.2 per cent, 6.0 per cent, and 5.8 per cent, respectively, with risks, evenly balanced.
New Delhi [India], January 27 (ANI): India will reclaim the status of world's fastest-growing economy and will be the only economy that will grow in double-digit, projected International Monetary Fund (IMF).