The Reserve Bank of India hiked key repo rate by 50basis points (bps) to 5.4 per cent in a bid to tame inflation. ” The real GDP growth projection for 2022-23 is retained at 7.2% with Q1- 16.2%, Q2- 6.2%, Q3 -4.1% and Q4- 4% with risks broadly balanced. The real GDP growth for Q1 2023-24 is projected at 6.7%,” RBI Governor Shaktikanta Das said.
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