New Delhi, April 8 -- The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, announced on Wednesday that the Monetary Policy Committee (MPC) has unanimously decided to keep the repo rate unchanged at 5.25%.
Speaking about GDP numbers, the Governor said, "As per the new GDP series comes into play, the real GDP growth for last year is estimated at 7.6%. In terms of quarterly GDP growth projection, the growth for Q1 is projected at 6.8%, Q2 at 6.7%, Q3 at 7% and Q4 at 7.2%."In terms of inflation, RBI projected the inflation for Q1 at 4%, Q2 at 4.4%, Q3 at 5.2% and then going down in Q4 at 4.7%.
Speaking on the West Asia conflict, he said it will "adversely impact" India's growth as the higher input costs associated with increase in energ...