The Reserve Bank of India has revised its GDP growth projection for the current fiscal year. The new estimate is 6.6%, which is lower than the previous estimate of 7.2%. This adjustment was made due to the economy showing signs of slowing down.

In the second quarter of FY25, GDP growth was recorded at 5.4%, the lowest in two years, compared to 8.1% during the same period last year. The central bank has also updated its forecasts for the upcoming quarters. The estimate for Q3 FY25 has been lowered to 6.8% from 7.4%, and the projection for Q4 FY25 is now 7.2%, down from 7.4%. For Q1 FY26, the GDP growth forecast has been adjusted to 6.9%, down from 7.3%, while the estimate for the September quarter of FY26 is now set at 7.3%. These revisions reflect the ongoing economic challenges and the response of the RBI to changing conditions.

The revised GDP growth projections highlight the current economic challenges faced by India. The lower estimates indicate a slowdown in the economy, with the second quarter of FY25 experiencing the lowest growth in two years. The Reserve Bank of India has adjusted its forecasts for the upcoming quarters, reflecting the response to changing conditions. These revisions provide insight into the current state of the Indian economy and the measures being taken to address the challenges.