RBI's MPC pegs India’s FY25 growth at 7%, raises quarterly estimations

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.
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