New Delhi, Aug. 22 -- The latest minutes of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting in August have shown a divide between the RBI leadership and government-nominated members over the growth outlook of the Indian economy, according to a report by Union Bank of India.

The report noted that RBI Governor Sanjay Malhotra and Deputy Governor Poonam Gupta remained confident about the resilience of India's growth trajectory. In contrast, government-nominated members Dr. Saugata Bhattacharya and Dr. Nagesh Kumar expressed a more cautious view.

The report stated, "Divide seen between RBI and Govt. members on growth outlook."

The RBI members pointed to robust domestic demand, a healthy pipeline of investments, an...