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Tezzbuzz Desk- The Reserve Bank of India (RBI) on Wednesday, April 8, 2026, while announcing the results of the April Monetary Policy Committee (MPC) meeting, revealed the economic growth and inflation rate projections for the new financial year 2026-27 (FY27). RBI has pegged India’s growth rate for FY27 at 6.9 per cent, which is lower than the real GDP growth of 7.6 per cent recorded in FY26.

RBI Governor Sanjay Malhotra said core inflation is under control and the inflation rate is estimated at 4.6% in FY27. He also noted that there are increased upside risks to inflation, which could weigh on food prices due to rising energy prices and potential weather disturbances.

The MPC unanimously decided to maintain the repo rate at 5.25% and adopted a neutral stance. The Governor said that this decision has been taken amid expectations of improvement at the global level, especially after the ceasefire in the US/Israel-Iran conflict.

Quarterly estimates for FY27

First Quarter (Q1)– Growth 6.9%, CPI inflation 4.0%

Second quarter (Q2)– Growth 6.8%, CPI inflation 4.4%

Third Quarter (Q3)– Growth 7.0%, CPI inflation 5.2%

Fourth quarter (Q4)– Growth 7.2%, CPI inflation 4.7%
Core inflation is estimated at 4.4%.

Malhotra said the intensification of war in West Asia and the impact on energy and infrastructure are the main risks to inflation and growth projections. However, India’s economic foundation is now stronger and more able to withstand shocks.

Detailed minutes of the MPC meeting will be published on April 22, 2026, while the next meeting is scheduled for June 3 to 5, 2026.

The meeting signals the view that the RBI is focused on maintaining economic stability and keeping inflation under control amid global uncertainties.