Addressing the media, Governor Malhotra stated that India continues to remain one of the fastest-growing major economies despite global uncertainties. He highlighted that recent macroeconomic indicators suggest growth momentum is likely to sustain over the medium term.
Inflation and Growth Projections
The RBI revised its inflation outlook for the upcoming financial year FY 2026-27, projecting Q1 inflation at 4%, slightly higher than the earlier estimate of 3.9%. Inflation for the following quarter is expected to be 4.2%.
For the current financial year ending next month, overall retail inflation is estimated at 2.1%, while inflation in the ongoing quarter is projected at 3.2%.
On the growth front, real GDP growth for the current financial year has been pegged at 7.4%. For FY 2026-27, GDP growth is expected to be 6.9% in Q1 and 7% in Q2.
Consumer Protection Measures Announced
In a key announcement, the RBI Governor said the central bank will propose a framework to compensate customers up to ₹25,000 for losses arising from small-value digital transaction frauds. Draft guidelines will also be issued to address misselling by lenders, loan recovery practices, and the conduct of recovery agents.
According to the Economic Survey, India is expected to grow 7.4% in the current financial year, while growth in the next year is forecast to remain between 6.8% and 7.2%.
