India Central Bank RBI kept repo rate at 6.5% and it is unchanged and GDP growth estimation for FY24 is at 7.6% and for FY25 estimation of GDP growth to be at 7%

India Central Bank RBI kept repo rate at 6.5% and it is unchanged.

India RBI Governor is happy with headline inflation in Jan-2024 and Feb-2024 as it reduced to 5.1%.

RBI ultimate target it to kept inflation below 4%.

The global growth has remained resilient with a stable outlook as per data available with RBI.

Geo political tensions, trade route disruptions and high public debt are couple of challenges faced by Global economy related to Global stability outlook.

Related to FY24, India expecting GDP growth to be at 7.6%.
Related to FY25, India expecting GDP growth to be at 7%.

PMI for manufacturing established sustained expansion lead by manufacturing industries and it is at 16 years high in March-2024.

The total flows to the commercial sector from Banks and other sources remained at 31.2 lakh Crores INR during 2023-24 and comparatively strong when compared with previous year. In the previous year, it was 26.4 lakh crores INR.
India has 645.6 billion USD forex reserves as of Mar-29-2024 and it is relatively good number when compared with historical numbers.