New Delhi: India’s growth outlook remains resilient, supported by domestic drivers, despite weak external demand, and is likely to get further support from a favourable monsoon, lower inflation, monetary easing and the salubrious impact of recent GST reforms, the Reserve Bank of India (RBI) said on Wednesday.

Even though the growth projection for the financial year 2025-26 is being revised upwards, "the forward-looking projections for Q3 and beyond are expected to be slightly lower than projected earlier, primarily due to tariff-related developments, despite being partially offset by the impetus provided by the rationalisation of GST rates," according to the minutes of the Monetary Policy Committee (MPC) meeting held from September 29-October 1, and released by the central bank.

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