In December, the RBI had projected real GDP growth for the June quarter of 2026-27 at 6.7% and 6.8% for the July-September period. Amidst global headwinds, private consumption and fixed investment supported growth," RBI Governor Sanjay Malhotra said while unveiling the monetary policy. Further, improving corporate sector performance and sustained momentum in the informal sector should boost manufacturing activity, he said. Also, construction sector growth is expected to remain firm and services sector should continue to be resilient, with strengthening domestic demand. The Governor said recovery in urban consumption should further strengthen with continued support from GST rationalisation and monetary easing.

Source: The Hindu February 06, 2026 06:57 UTC