The RBI on Friday raised the GDP growth projection for the current fiscal year to 7% from the earlier 6.5% and kept interest rates on hold for the fifth time in a row, cautioning that rates may remain elevated for an extended period as inflation is nowhere near its target of 4%."Against this unsettled global economic backdrop, the Indian economy presents a picture of resilience and momentum. The real GDP growth for Q2 of the current financial year has exceeded all forecasts.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/a0lTY7B
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