#ANINews RBI raises GDP growth forecast to 6.8% amid global trade Uncertainty, Trump tariffs

RBI raises GDP growth forecast to 6.8% amid global trade Uncertainty, Trump tariffs
RBI Governor Sanjay Malhotra highlighted that ongoing tariff and trade policy uncertainties, along with prolonged geopolitical tensions and volatility in international financial markets. He said “Ongoing tariff and trade policy uncertainties will impact external demand, prolonged geopolitical tensions and volatility in international financial markets, caused by the risk of sentiments of investors, pose downside risks to the growth outlook. The implementation of several growth-inducing structural reforms, many of which were announced by the PM on 15th August, including the streamlining of GST, is expected to offset some of the adverse effects of the external headwinds. Taking all these factors into account, real GDP growth for this year is now projected at 6.8 per cent. This is a revision from our earlier forecast of 6.5%; now it is projected at 7%, Q3 at 6.4%, and Q4 at 6.2%. Real GDP growth for Q1 next year is projected at 6.4%. The risks are evenly balanced.”

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