Reserve Bank of India Sticks to Fighting Inflation With Slower Rate Hike

The transcript discusses the global economic challenges marked by shocks and uncertainties, including geopolitical tensions and inflation. It highlights India's economic resilience, supported by strong macroeconomic fundamentals and robust bank credit growth. The Monetary Policy Committee's decisions to adjust the repo rate and focus on inflation control are detailed. The growth and inflation outlook for India is assessed, with projections for GDP growth and inflation rates. Sectoral performance, including agriculture and manufacturing, is reviewed, along with risks from global slowdown and geopolitical tensions.

How did the agricultural sector perform in terms of sowing this year?

What risks to the economic outlook are mentioned in the text?

What is the projected GDP growth for India for the current year?

What is the expected inflation rate for the first quarter of the next financial year?