Reserve Bank of India

June 6, 2025 2:11 PM

RBI reduces inflation forecast to 3.7% for 2025-26

The Reserve Bank of India has revised its inflation outlook for 2025-26 downwards from the earlier forecast of 4 per cent to 3.7 per cent, said RBI Governor Sanjay Malhotra on Friday. The RBI Governor pointed out that CPI headline inflation continued its declining trajectory in March-April, with headline CPI inflation moderating to a nearly six-year low of 3.2 per cent (year-on-year) in April 2025. This was led mainly by food inflation, which recorded the sixth consecutive monthly decline. He ...

June 6, 2025 12:14 PM

RBI pegs India’s GDP growth at 6.5% for 2025-26

The Reserve Bank of India (RBI) has projected India’s Gross Domestic Product (GDP) growth at 6.5 per cent for 2025-26, with domestic economic activity showing resilience on the back of a strong agriculture sector, industry picking up, and the services sector expected to maintain momentum. The quarterly growth rates projected for the financial year are: Q1 at 6.5, Q2 at 6.7, Q3 at 6.6 and Q4 at 6.3 per cent. “The provisional estimates released by the National Statistical Office (NSO) placed...

June 3, 2025 10:34 AM

98% of ₹2000 banknotes returned to banks: RBI

The Reserve Bank of India (RBI) provided an update on the status of ₹2000 denomination banknotes on Monday, confirming that 98.26% of these notes have been returned to the banking system since their withdrawal from circulation was announced in May 2023. As per the RBI, the total value of ₹2000 notes in circulation stood at ₹3.56 lakh crore as of May 19, 2023, the date on which their withdrawal was announced. This figure has now come down sharply to ₹6,181 crore by the end of May 3...

May 22, 2025 10:15 AM

Indian economy shows resilience despite weak global growth: RBI

The global growth continues to face headwinds with persistent trade frictions, heightened policy uncertainty, and weak consumer sentiment weighing on the outlook. Despite this, the Indian economy is exhibiting resilience even after high trade and tariff-related concerns, the Reserve Bank of India (RBI) has said. Persistent trade frictions, heightened policy uncertainty, and weak consumer sentiment continue to create headwinds for global growth. “Amidst these challenges, the Indian economy exh...

April 14, 2025 2:17 PM

Crisil projects 6.5% GDP growth for India in FY26, flags US tariffs as key risk

Global credit rating agency Crisil on Monday projected India's GDP to grow by 6.5% in fiscal 2026, while cautioning that US tariff hikes remain a significant downside risk to the forecast. Despite external headwinds, Crisil expects monetary easing by the Reserve Bank of India (RBI) to offer some cushion, along with other positive domestic developments. “Interest rate cuts, income tax relief, and easing inflation are expected to boost consumption this fiscal. Additionally, a normal monsoon cou...

April 11, 2025 6:45 PM

India’s forex reserves surge to $676.3 billion

India’s foreign exchange reserves rose sharply by $10.8 billion to reach $676.3 billion in the week ended April 4, according to the Reserve Bank of India’s latest data released on Friday. This marks the fifth straight week of gains in the country's forex reserves. A major contributor to this increase was the rise in foreign currency assets, which grew by $9 billion to $574.08 billion. Gold reserves also saw a notable rise of $1.5 billion, bringing the total to $79.36 billion. Additionally, ...

December 2, 2024 10:08 PM

Government to update GDP base year to 2022-23

The Government of India has announced its decision to revise the base year for the calculation of Gross Domestic Product (GDP) from 2011-12 to 2022-23, marking a significant update to the country’s national accounting framework. An Advisory Committee on National Accounts Statistics (ACNAS) has been constituted to facilitate the transition. The committee includes representatives from central and state governments, the Reserve Bank of India, academia, and research institutions. Its primary rol...

November 24, 2024 4:16 PM

19 agritech soonicorns, 40 minicorns embracing emerging tech for business growth: RBI paper

The Indian agritech sector shows immense potential to bridge the technological gap in agriculture, with 19 agritech soonicorns and 40 minicorns leveraging emerging technologies like AI and innovative business models, according to a new Reserve Bank of India (RBI) paper. While only one unicorn has been identified in India's agritech landscape, the total number of soonicorns (startups on the verge of becoming unicorns) and minicorns (early-stage startups) is estimated at 19 and 40, respectively, ...

November 21, 2024 3:21 PM

Private consumption driving growth in Q3, with rural India taking the lead: RBI

The slowdown observed in the Indian economy during the second quarter of 2024-25 appears to be behind us, with private consumption once again driving domestic demand. Festival spending has reignited real activity in Q3, according to the Reserve Bank of India’s (RBI) November bulletin. The report highlights rural India as a key growth driver, particularly for e-commerce during the festive season. This momentum is expected to strengthen further, supported by a sharp rise in kharif crop output a...

October 9, 2024 2:36 PM

RBI projects 7.2% GDP growth for FY25, CPI inflation expected to moderate to 4.5%

The Reserve Bank of India (RBI) has projected a real GDP growth of 7.2% for the fiscal year 2024-25, along with an expected moderation in Consumer Price Index (CPI) inflation to 4.5%, following the Monetary Policy Committee (MPC) meeting held on Wednesday. RBI Governor Shaktikanta Das said that GDP growth is projected at 7% for Q2, increasing to 7.4% in both Q3 and Q4. For the first quarter of the next financial year (2025-26), growth is anticipated to be 7.3%, with risks evenly balanced across...