The Reserve Bank of India predicts a 7% growth rate for the Indian economy in FY25, maintaining the benchmark lending rates at 6.5% for the sixth consecutive time. The Monetary Policy Committee (MPC) forecasts GDP growth rates for FY24 and FY25. Despite global economic challenges, India s economy exhibits resilience, supported by robust domestic activity and government initiatives, attracting foreign investments in various sectors, including technology manufacturing.
The Nifty auto index saw 14 advances with just one decline in Balkrishna Industries. The top gainer was Bharat Forge which was up 2%. Meanwhile, 7 stocks were up in the Nifty Realty index with 2 declines and 1 stock trading on a flat note.
RBI's Monetary Policy: RBI MPC RBI Monetary policy Live Updates reserve bank of india, Today rbi governor shaktikanta das speech news rbi mpc hikes inflation gdp-growth forecast at news18.com