One of the defining characteristics of mature consumer markets is not simply the abundance of products, but the quality of consumer decision-making. Across sectors, rising financial awareness, easier access to information and digital discovery are changing what people choose to buy and how they
Imagine reaching retirement with a bond portfolio that works like a staircase. One bond matures this year, another next year, and another the year after, giving you access to money at different points instead of having to unlock the entire investment at once
Augmont Enterprises IPO Day 2: The initial public offering (IPO) of integrated gold and silver platform Augmont Enterprises Ltd is witnessing its second day of bidding today, August 24. So far, the public issue has been subscribed 2.88 times. The Rs 825-crore IPO
Gold prices remain high in India; check 22K, 24K rates in Mumbai, Delhi, Bengaluru International gold prices also climbed to a more than three-month high on Monday. Published on: Aug 24, 2026, 13:46:24 IST By HT News Desk Prefer HTon Google Share via Copy link Gold prices remained high in India on
Businesses from India and the U.S. have expressed interest in investing in Bangladesh and made proposals to improve the country's investment climate, Commerce Minister Khandakar Abdul Muktadir has said. Mr. Muktadir’s remarks on Saturday (August 22
RBI Raises FY26 GDP Growth Forecast To 7.4%; Q1 & Q2 FY27 Projections Also Revised Upwards
RBI Raises FY26 GDP Growth Forecast To 7.4%; Q1 & Q2 FY27 Projections Also Revised Upwards
RBI governor says real GDP growth for Q1 FY27 has been revised upwards to 6.9 per cent from 6.7 per cent and Q2 to 7 per cent from 6.8 per cent, with risks evenly balanced.
The Reserve Bank of India (RBI) on Friday revised its GDP growth forecast for the current financial year upwards to 7.4 per cent, from 7.3 per cent earlier. In the sixth and final bi-monthly monetary policy of FY27, Malhotra said real GDP growth for Q1 FY27 has been revised upwards to 6.9 per cent from 6.7 per cent and Q2 to 7 per cent from 6.8 per cent, with risks evenly balanced.
The RBI governor said the full FY27 economic growth projections will be announced in the April policy review after the release of the new series.
The statistics and programme implementation ministry is transitioning the base year for macroeconomic indicators (GDP, CPI, and IIP) from 2011-12 to a 2024 base year.
The RBI governor said, “Real GDP growth projections for Q1 and Q2 of next year, that is 2026-27, are revised upward slightly to 6.9 per cent and 7 per cent respectively……I mentioned that we are deferring the projections for the full year to the April policy as the new GDP series will be released later in the month”.
In the last December policy meeting, the RBI had projected GDP growth for Q1 and Q2 of 2026-27 at 6.7 per cent and 6.8 per cent, respectively, indicating a marginal upward revision in the latest assessment.
Malhotra said the Indian economy continues on a steady improving trajectory, with real GDP poised to register a significantly higher growth of 7.4 per cent in the current year compared to the previous year.
On the external front, the governor mentioned that the recently concluded India-EU free trade agreement and the prospective India-US trade deal, along with other trade agreements, are expected to support exports over the medium term.
Despite global headwinds, growth has been supported by private consumption and fixed investment. However, net external demand remained a drag on growth, with imports outpacing exports.
On the supply side, real Gross Value Added (GVA) growth is estimated at 7.3 per cent during the year, driven by a strong contribution from the services sector and a revival in manufacturing activity.
Looking ahead, the Governor noted that economic activity is expected to hold up well in the next year. Agricultural activity is likely to be supported by healthy reservoir levels, robust rabi sowing, and improvement in crop vegetation conditions.
He also shared that the improving performance of the corporate sector and sustained momentum in the informal sector are expected to boost manufacturing activity, while construction sector growth is projected to remain firm. The services sector is expected to stay resilient, supported by strengthening domestic demand.
The governor also added that preliminary results from high-tech firms indicate an improvement in business activity. On the demand side, private consumption momentum is expected to sustain next year.
Rural demand remains steady, aided by improving agricultural activity and better rural labour market conditions. Urban consumption is also expected to strengthen further, with continued support from GST rationalisation and monetary easing.
Investment activity is expected to receive a boost from high capacity utilisation, accelerating bank credit, conducive financial conditions, and the government's continued emphasis on infrastructure. Several measures announced in the Budget are also expected to support growth.
Taking all these factors into consideration, the RBI revised the near-term growth outlook upward, while deferring the full-year FY27 projection to the April policy.
The Reserve Bank of India's (RBI) monetary policy committee (MPC) has decided unanimously to keep the repo rate unchanged at 5.25% in its February 2026 bi-monthly monetary policy, Governor Sanjay Malhotra announced on Friday. This is in line with market expectations. The decision has been taken unanimously, and the RBI MPC's policy stance remains ‘neutral'.
This is the first monetary policy review after Finance Minister Nirmala Sitharaman announced the Budget for the financial year 2026-27.
(With Inputs from Agencies)
Source: News18.com
Source: OfficeNewz
Related Posts: Business
Minimalistic retractable door handles became a signature feature of electric vehicles (EVs), but the controversial designs are now at the centre of China's biggest car recall, affecting more than 4 million vehicles. The recall, which includes 2.98 million Chinese-made Teslas
11 hours ago
Tempsens Instruments India IPO Day 3: The initial public offering (IPO) of temperature sensing and heating solutions provider Tempsens Instruments Ltd is witnessing its final day of bidding today, August 24. So far, the public issue has been subscribed by a strong 31.34 times. The Rs 650-crore IPO
11 hours ago
S&P 500 just hit a level seen only once before in 155 years — could a market crash be next? The S&P 500 CAPE ratio hit 40 for only the second time in 155 years, raising concerns about valuations, future returns and a possible market correction. Updated on: Aug 23, 2026
14 hours ago
Anthropic $2 trillion IPO: Why investors think it could be worth more than SpaceX Anthropic could reach a $2 trillion IPO valuation as revenue surges, raising questions about whether the AI company can be worth more than SpaceX. Published on: Aug 23, 2026
14 hours ago
US President Donald Trump has said Canada wants "the benefits of being a State, without being one" after trade talks between the two countries collapsed late on Friday. In his first comments since negotiations broke down, triggering new 50% US tariffs on a range of Canadian goods
1 days ago
India’s payments sector has raised $5.8 billion across 371 equity funding rounds since January 2021, while producing eight initial public offerings (IPOs) and triggering 25 acquisitions, as the industry increasingly consolidates around a handful of well-funded players
1 days ago
Can Reddit survive in the AI era? It wants more cash for its data—and more of people’s time Published on: Aug 22, 2026, 16:40:48 IST The Economist Prefer HTon Google Share via Copy link Earlier this summer “Backrooms”, a horror flick, became one of the most successful independent films ever
1 days ago
What with a 250th birthday, Taylor Swift's wedding and the football World Cup, Americans could be forgiven for taking their eye off the ball this summer. But signs of economic trouble have been building. This week they hit the headlines when US national debt passed the $40tn (£29.4tn) mark
1 days ago
Insurance regulator IRDAI has directed Edelweiss Life Insurance and Pramerica Life Insurance, in separate orders on August 20, not to open new place of business for six months for non-compliance with Expenses of Management (EoM) limits in 2024-25
2 days ago
India remains a very attractive destination for global investments and its economic fundamentals form the basis for strong investor confidence, Jyoti Jeetun, the Minister of Financial Services and Economic Planning of Mauritius told The Hindu in an interview
2 days ago
A fresh wave of US tariffs on a wide array of Canadian goods has come into effect as of midnight on Saturday after a last minute break down in trade talks. Announcing the suspension of negotiations shortly before the Friday night deadline, Canadian Prime Minister Mark Carney said he would impose
2 days ago
TCS Employee Surveillance Row: Tata Consultancy Services (TCS), India’s largest IT services company, on Friday denied reports that it is using monitoring tools to track individual employee activity on company-issued laptops. The IT giant said the purpose of the tools is to monitor the overall
2 days ago
Walmart stock falls 9% as retailer finally brings Apple Pay, Google Pay Walmart stock fell 9% after earnings despite beating estimates and raising guidance. The retailer will add Apple Pay and Google Pay Tap to Pay from August 24. Updated on: Aug 21, 2026
2 days ago
TikTok has agreed to pay $400m (£293m) to the US to end a lawsuit alleging its platform violated children‘s privacy, marking one of the largest ever settlements over the issue. The deal stems from a 2024 suit by the Department of Justice under former President Joe Biden alleging TikTok and its
2 days ago
What’s next for Nvidia after the AI chip boom? Wall Street wants more—here’s what investors need to know Nvidia stock faces high expectations ahead of August 26 earnings as Wall Street watches AI growth, valuation, open-source models and Nvidia's next big story. Updated on: Aug 22, 2026
2 days ago
Costco dividend rises: Why a $10,000 investment pays only $61 yearly A $10,000 Costco investment earns only about $61 a year in regular dividends. Here’s why investors still buy COST for growth and special dividends. Updated on: Aug 20, 2026
3 days ago
Leaving education, getting a job, buying a home and perhaps starting a family: the path previous generations followed may seem a distant dream to many now. But is it getting a bit easier - at least when it comes to getting on the housing ladder? Today's prospective first-time buyers may well feel
3 days ago
Nearly six months after US President Donald Trump vowed a swift victory over Iran, the conflict appears to be at a standstill, with prospects of a military victory or negotiated settlement growing dimmer. To break the deadlock, Trump has vowed an "economic D-Day" under which any country that does
3 days ago
Why US stocks fell today: Dow, S&P 500, Nasdaq drop as oil and bond yields rise US stocks fell as oil prices and Treasury yields rose. Dow, S&P 500 and Nasdaq dropped as Trump's Iran threat, Walmart and the bond market hit Wall Street. Published on: Aug 20, 2026
3 days ago
Crypto stocks surge as Trump backs Clarity Act: Coinbase, Circle, miners rise Crypto stocks surge as Trump backs the Clarity Act. Coinbase, Circle, Bitcoin miners and other crypto shares rise as investors expect clearer US crypto rules. Updated on: Aug 20, 2026
4 days ago
Stock Market Today, August 20: The domestic equity market snapped its seven-day losing streak and ended sharply higher on Thursday, August 20, as broad-based buying lifted sentiment across sectors after the US Treasury stepped in to contain the surge in global bond yields
4 days ago
The Reserve Bank of India RBI has accorded its approval to Life Insurance Corporation of India (LIC) for acquiring an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in HDFC Bank Ltd., the bank said in a filing with the exchanges on Wednesday (August 19, 2026) night
4 days ago
Customers have shared their outrage after an app used by many businesses to track timesheets and produce invoices hiked bills by as much as 1500%, with one person calling it "daylight robbery". Richard Haldenby, head of UK consultancy firm Salentis
4 days ago
Bitcoin Price Today, August 20: Bitcoin surged to the $70,000 mark on Thursday, recording one of its sharpest gains in recent months as a combination of lower US Treasury yields, a weaker dollar, strong institutional demand and large-scale short liquidations pushed the broader cryptocurrency market
4 days ago
US President Donald Trump has said he will launch tougher economic measures against Iran, as well as any country and that helps or does business with the country. He wrote in all capital letters on Truth Social that he was launching "the most crushing economic operation ever taken against any
4 days ago
The domestic equity markets were trading firmly higher on Thursday, August 20, with buying visible across large-cap, mid-cap and small-cap stocks. The gains strengthened through the session, with the benchmark Sensex rising more than 600 points by 1:20 pm
4 days ago
U.S. President Donald Trump will host cryptocurrency executives at the White House on Wednesday as U.S. financial regulators this week prepare to advance their framework for certain digital assets. Trump, who has earned more than $1.4 billion from his family’s crypto ventures
4 days ago
