RBI projects India GDP growth at 6.6–6.7% for FY25

India’s RBI October Bulletin forecast GDP growth between 6.6–6.7% for FY25, supported by robust domestic demand, industrial output, and credit expansion. Retail inflation has eased to an eight-year low of 4.1%, while core inflation dropped below 4% for the first time since 2017. Both IMF and OECD upgraded India’s growth outlook on sustained policy support and infrastructure investment. The RBI expects monetary conditions to remain neutral with an eye on crude and food price volatility.