Real GDP growth projected at 7.8% for FY23, RBI Governor Shaktikanta Das says

India’s real Gross Domestic Growth (GDP) rate for the financial year FY2023 is projected at 7.8 per cent. Reserve Bank of India (RBI) Governor Shaktikanta Das said today while announcing the key policy rates. He was speaking during a conference after the conclusion of the three-day Monetary Policy Committee (MPC) meeting which began on Tuesday.

Reserve Bank of India's monetary policy committee (MPC) kept key lending rates and reverse repo rates unchanged. 

The committee maintained its accommodative stance for as long as possible to revive growth, according to the RBI governor Shaktikanta Das said. 

Governor Das said that the 6-member (MPC) unanimously voted to keep the rates unchanged at a record low and voted in the ratio of 5:1 to maintain its accommodative stance. The RBI has projected real GDP growth of 7.8 per cent for financial 2022-23.

According to Governor Das, GDP growth projection in Q2 of FY23 down to 7%. Inflation is likely to be 4.5% in FY23.