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Total market value of goods and services produced within a country
Gross domestic product (GDP) is a monetary measure of the total market value of all of the final goods and services which are produced and rendered during a specific period of time by a country or countries. GDP is often used to measure the economic activity of a country or region. The major components of GDP are consumption, government spending, net exports, and investment. Changing any of these factors can increase the size of the economy. For example, population growth through mass immigration can raise consumption and demand for public services, thereby contributing to GDP growth.
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RBI raises FY27 GDP growth forecast to 7.1 per cent and CPI inflation projection to 5.2 per cent amid resilient growth and rising price pressures.
New Delhi : Reserve Bank of India Governor Sanjay Malhotra on Wednesday raised the country's real GDP growth projection for the current financial year
The Reserve Bank of India (RBI) has increased its GDP growth forecast for the current fiscal year (FY27) by 40 basis points to 7.1 per cent, acknowledging the resilience of domestic economic activity despite global headwinds and geopolitical tensions.