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RBI Governor Sanjay Malhotra on Wednesday, October 1, said the US tariffs induced developments are likely to "decelerate growth" in the second half of the current fiscal year, however, PM Modi led next-gen GST reforms among other policy support measures will aid in offsetting impact of foreign factors on trade-linked growth.

Malhotra also announced that India's apex bank has revised upwards its GDP forecast for FY26 to 6.8%, from 6.5% earlier.

On the GDP revision, Aditi Singh, Chief Strategy Officer, Satin Creditcare, said, “The upward revision of *GDP growth to 6.8% reinforces India’s resilient domestic demand, which provides a supportive backdrop for credit-driven businesses.”

Speaking about India's economic outlook during t

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