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India May Relook Inflation, Growth Projections, RBI’s Patra Says

The Reserve Bank of India in Mumbai.
The Reserve Bank of India in Mumbai.Photographer: Dhiraj Singh/Bloomberg

India’s central bank may review its forecast for growth and inflation at its next policy meeting, a top official said, as the global economy feels the ripple effects of Russia’s war in Ukraine.

Geopolitical developments pose an upside risk to the Reserve Bank’s of India’s projection for inflation to ease to 4% by the October-December quarter of next fiscal year, and the April meeting provides an opportunity to thoroughly review the forecasts, Deputy Governor Michael Patra said in a speech.