Daijiworld Media Network – Mumbai

Mumbai, Jun 6: The Reserve Bank of India (RBI) on Friday revised its GDP growth forecast for the financial year 2026-27 downward to 6.6 per cent from the 6.9 per cent projected earlier, citing evolving domestic and global economic conditions.

Announcing the outcome of the Monetary Policy Committee (MPC) meeting, RBI Governor Sanjay Malhotra said the central bank now expects the economy to grow at a slower pace across all four quarters of the current fiscal.

The RBI has projected GDP growth at 6.6 per cent in the first quarter, 6.3 per cent in the second quarter, 6.5 per cent in the third quarter and 6.8 per cent in the fourth quarter of FY27.

In its previous policy review held in April, the central bank had estimated growth at 6.8 per cent for Q1, 6.7 per cent for Q2, 7 per cent for Q3 and 7.2 per cent for Q4.

The downward revision reflects a more cautious assessment of the economic outlook, even as India continues to remain among the world's fastest-growing major economies.

The RBI's latest forecast will be closely watched by investors, businesses and policymakers as they assess the trajectory of economic activity during the current financial year.