India central bank lifts annual GDP forecast to 7% on strong demand

Reserve Bank keeps key interest rate unchanged for 5th straight meeting

20231208 rbi

The Reserve Bank of India has upgraded its outlook for the nation's economic growth. © Reuters

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- India's economy is expected to grow 7% in the current financial year through March 2024, the country's central bank chief said on Friday, up from an earlier projection of 6.5%.

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