New Delhi, Oct. 22 -- The Reserve Bank of India (RBI) has raised its growth forecast for 2026-27 to 7.1 per cent from 6.7 per cent projected in August, while warning that rising inflationary pressures pose risks to the economic outlook.

RBI Raises Growth Forecast To 7.1 Per Cent

"Amidst the turbulent global backdrop, the Indian economy has shown remarkable resilience," RBI Governor Sanjay Malhotra said in the minutes of the Monetary Policy Committee (MPC) meeting released on Wednesday.

The MPC, which met from October 5-7, voted unanimously to raise the repo rate by 25 basis points to 5.5 per cent, marking the first increase since February 2023, reported The Economic Times.

Broadening Inflationary Pressures Raise Concerns

Malhotra fla...