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The Q1 reported a growth of 13.5 per cent, while Q2 GDP is estimated to grow at 6.3 per cent, Q3 at 4.6 per cent and Q4 at 4.6 per cent
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Amid the Monetary Policy Committee (MPC) meeting, the Reserve Bank of India on Friday lowered Gross Domestic Product (GDP) projection for 2022-23 has been reassessed to 7 per cent.
In the previous meeting, RBI MPC projected GDP growth for 2022-23 at 7.2 per cent.
The Q1 reported a growth of 13.5 per cent, while Q2 GDP is estimated to grow at 6.3 per cent, Q3 at 4.6 per cent and Q4 at 4.6 per cent, said RBI Governor Shaktikanta Das said during the MPC announcements.
Meanwhile, RBI has increased the repo rate by 50 basis points. With this, your EMI will also become expensive. On Friday, the repo rate increased from 5.40 to 5.90 per cent, while the rate of SDF increased from 5.15 to 5.65 per cent.