The Reserve Bank of India (RBI) projects India's economy to grow by 7% in FY25, maintaining its world-leading pace for a second consecutive year. Governor Shaktikanta Das highlights ongoing momentum in economic activity, with real GDP expected to climb 7.3% in FY24. Despite optimism, concerns over food price shocks prompt RBI to sustain its policy of withdrawing accommodation, with inflation projected at 5.4% for FY24 and 4.5% for FY25. The bank also revises quarterly GDP projections upwards, signaling continued growth across sectors.
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