India’s economic outlook for FY27 has received a modest upgrade from the World Bank, which now expects the country’s GDP to grow at 6.6%, up from its earlier estimate. The revision reflects continued strength in domestic consumption and export performance. Despite the improved projection, the global lender cautioned that economic momentum may ease compared to […]
The Impressive Times
The Reserve Bank of India (RBI) has cut the Cash Reserve Ratio (CRR) by 50 basis points to 4% and reduced its GDP forecast to 6.6% from the earlier 7.2%, Governor Shaktikanta Das announced on Friday, December 6, during his monetary policy decision announcement speech. The CRR is the percentage of total deposits a bank […]
The Impressive Times
