The Reserve Bank of India (RBI) has maintained its projection for India's GDP growth at 9.5% for the fiscal year 2021-22. The Monetary Policy Committee unanimously decided to keep the policy repo rate unchanged at 4% to support economic revival and mitigate the impact of the COVID-19 pandemic. Alongside this, inflation is expected to be around 5.7% for the fiscal year, with consumption, investment, and external demand showing signs of recovery.
Repo rate remains unchanged at 4%; GDP growth projection for FY 2021-22 retained at 9.5%
CPI Inflation expected at 5.7% for FY 2021-22
Consumption, Investment, External demand on the path of regaining traction
2 more auctions of Rs 25,000 Crores under G-SAP 2.0 in August 2021: RBI
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FAQ :
The GDP growth projection for FY 2021-22 has been retained at 9.5%.
The policy repo rate remains unchanged at 4%.
Consumer Price Inflation is projected at 5.7% during FY 2021-22.
Consumption, Investment, and External demand are all on the path of regaining traction.
Yes, the RBI has announced several measures, including extending deadlines for the On-tap TLTRO Scheme and the relaxation period for Marginal Standing Facility (MSF), and plans for two more G-SAP 2.0 auctions in August 2021.
The Consumer Confidence Survey suggests that one-year ahead sentiments are returning to an optimistic territory.