Reserve Bank of India raises GDP growth to 6 percent

Mumbai: The Reserve Bank of India (RBI) on Thursday raised its 2020-21 gross domestic product (GDP) growth projection to 6 percent, separating it in the range of 5.5-6 percent for the first half of the next fiscal and at 6.2 percent for the third quarter (Q3) of 2020-21.

Announcing its last bi-monthly policy review of the current fiscal, the RBI’s Monetary Policy Committee (MPC) on Thursday maintained the status quo on the repo rate and continued with its accommodative stance, while raising the growth the forecast for 2020-21 to 6 percent. (IANS)

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