MUMBAI:Reserve Bank on Wednesday cut India’s growth forecast to 6.5 per cent from 6.7 per cent estimated earlier for the current financial year on account of impact of global trade and policy uncertainties.
Prospects of agriculture sector remain bright on the back of healthy reservoir levels and robust crop production in 2025-26, RBI Governor Sanjay Malhotra said while unveiling the outcome of the first bi-monthly Monetary Policy Committee meeting for the current financial year.
Manufacturing activity is showing signs of revival with business expectations remaining robust, while services sector activity continues to be resilient, he said.