Mumbai, Oct. 2 -- The RBI has raised its projection of India's GDP growth rate to 6.8 percent for 2025-26 from 6.5 percent earlier, as the implementation of several growth-inducing structural reforms, including streamlining of GST, is expected to offset some of the adverse effects of the external headwinds, Reserve Bank Governor Sanjay Malhotra said.

He pointed out that India's GDP recorded a robust growth of 7.8 per cent in Q1 2025-26, driven by strong private consumption and fixed investment. On the supply side, growth in gross value added (GVA) at 7.6 percent was led by a revival in manufacturing and steady expansion in services. Available high-frequency indicators suggest that economic activity continues to remain resilient. Rural de...