Economic activity is expected to improve, the agriculture sector remains upbeat, and manufacturing is expected to improve gradually, said Governor Malhotra. Rural demand is on an uptrend but urban demand remains subdued.

The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.

The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The Monetary Policy Committee decided to trim the repo rate by 25 basis points to 6.

Governor Sanjay Malhotra on Friday announced that the central bank has slashed the policy repo rate by 25 basis points from 6.5 per cent to 6.25 per cent. The decision was taken on a unanimous basis.

India’s new central bank governor is expected to deliver an interest rate cut in his first policy meeting, shifting the focus to boosting economic growth as global risks escalate. Governor Sanjay Malhotra,

The Reserve Bank of India forecasted India's GDP to grow at 6.7% in FY26, with quarterly projections at around 6.5%-7%. The economic survey highlighted concerns over global risks impacting growth and emphasized the need for deregulation to achieve long-term goals.