RBI retains GDP growth forecast at 7.6% for FY17
The RBI retained India’s GDP growth rate projection at 7.6% for the 2016-17 fiscal in its bi-monthly monetary policy review today. The passage of the GST Bill augurs well for economic reforms and will boost business sentiment, the release stated. Further, risks to the inflation target of 5% for March 2017 continue to be on the "upside", it added.