External uncertainties pose risks to growth: RBI

The Reserve Bank of India said in the minutes of its Monetary Policy Committee meeting that a swift conclusion to trade negotiations could lend support to growth, even as ongoing uncertainties continue to pose downside risks to the outlook."External uncertainties continue to pose downside risks to the outlook, while speedy conclusion of ongoingtrade and investment negotiations present upside potential," the minutes of the Monetary Policy Committee (MPC) meeting read. The Reserve Bank of India’s rate-setting Monetary Policy Committee (MPC) on Friday revised India’s GDP forecast for FY2025-26 upwards to 7.3%, compared with the earlier estimate of 6.8%. For Q3 FY26, the central bank raised its growth estimate to 7.0% from 6.4%. The forecast for Q4 FY26 was also raised to 6.5% from 6.2%. Similarly, the projection for Q1 FY27 was raised to 6.7% from 6.4%, while growth for Q2 FY27 was projected at 6.8%.