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While maintaining an accommodative stance, the Reserve Bank of India (RBI) on April 08 cut the real Gross Domestic Product (GDP) growth projection for the current Financial Year 2022-23 to 7.2 per cent, against the earlier projection of 7.8 per cent. “Real GDP growth for the year 2022-23 is now projected at 7.2 per cent; with Quarter 1 of FY 2022-23 at 16.2 per cent, Quarter 2 at 6.2 per cent, Quarter 3 at 4.1 per cent and Quarter 4 at 4 per cent.” said RBI Governor.
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