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RBI hits caution button on growth, warns of downside risk to GDP

Dec 05, 2018 15:56 IST

The Reserve Bank hit a note of caution in it's commentary today, when it pointed to growth targets running a "risk somewhat to the downside". The Central Bank said it was projecting FY19 GDP growth at 7.4%, with the April - September period tracking 7.5% and October- March clocking between 7.2 - 7.3%. While the RBI recognised that the flow of credit was becoming more broad based, it expressed concern around weakness in the global economy because of trade wars. Inflation targets were also lowered although it mentioned the October tick was "unexpectedly low".

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