MUMBAI: The Reserve Bank on Friday retained GDP growth forecast of 7 per cent for 2024-25 financial year, lower than the 7.6 per cent expansion estimated for FY24.
In its February monetary policy, the RBI had projected the GDP growth rate of 7 per cent for the financial year beginning April 1.
Announcing the current fiscal’s first bi-monthly monetary policy, RBI Governor Shaktikanta Das said the rural demand is gathering pace, and sustained growth in manufacturing sector should boost private investment.
