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India growth outlook strengthened as RBI upgrades GDP and lowers policy rate

RBI raised India’s FY26 growth estimate and cut the repo rate as Q2 GDP growth hit 8.
The Reserve Bank of India raised its FY26 GDP growth forecast to 7.3 percent from 6.8 percent and reduced the repo rate to 5.25 percent, citing strong rural demand and improving domestic consumption. India’s real GDP growth for the second quarter of FY26 stood at 8.2 percent, reinforcing the central bank’s confidence in economic momentum.