RBI has reduced GDP groth estimates to 7.2%!
- The RBI lowered GDP growth estimates from 7.4% to 7.2% for the current financial year between the possibility of El Niño effect on the bearish and indefinite economic trends of the monsoon.
- It estimated the GDP growth rate for 2019-20 to 7.4% and the first 6 months of the financial year from April to September 7.2 to 7.4%.
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