New Delhi, 12 September (IANS). India’s GDP (GDP) is estimated to grow at a rate of 6.5 percent in FY 26. At the same time, the Reserve Bank of India (RBI) can also cut the repo rate during this period. This information was given in the report of Crisil.
The report said that the US would put pressure on India currently 50 percent of tariffs imposed on India and GDP growth. However, interest rate cuts, good rains, low inflation and tax relief will promote consumption.
The report stated that the repo rate cut and the cash reservo ratio may provide support in the current financial conditions in the current financial year in the current financial year.
According to the report, there may be instability in capital flow, given the global upheaval, which can remain under pressure in the short term.
Crisil hoped that the RBI Monetary Policy Committee (MPC) may once again cut interest rates in the current financial year.
According to the report, inflation remains below the RBI’s 4 percent target with the last six months (February-July). Good agricultural production is expected to reduce food inflation. As of August 29, Kharif sowing was 2.9 percent higher than last year.
Due to excess rainfall, the yield of some crops may be under pressure. Low prices of commodity will mean softening of non-food inflation. Inflation is also expected to decline in this financial year due to low GST rates.
The bank credit growth increased to 10 percent in August, which was 9.8 percent in July and an average of 9.6 percent in the quarter ended June.
-IANS
ABS/
