Mumbai/IBNS, May 29 -- India is expected to register a growth rate of 6.9 percent in the financial year 2026-27, the Reserve Bank of India (RBI) said in its annual report, according to media reports.

The RBI projected robust growth despite ongoing geopolitical tensions and conflict in West Asia.

The country's central bank said rising domestic demand and increased investment activity are expected to remain the key drivers of economic growth in the coming fiscal year.

The report says the financial sector remained resilient on the back of healthy bank and non-bank balance sheets, improved asset quality and capital buffers, enabling double-digit credit growth.

On the fiscal front, consolidation efforts continued along with improvement in ...