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Growth Momentum May Ease as Inflation Moves Closer to Target, Says RBI Panelist
RBI MPC member Saugata Bhattacharya expects GDP growth to slow gradually as inflation converges toward the 4% target under the central bank’s policy framework.
India’s GDP growth is expected to moderate in the coming quarters as inflation steadily aligns with the Reserve Bank of India’s target, according to Saugata Bhattacharya, an external member of the RBI’s Monetary Policy Committee. He said that as inflation normalises, growth prints will adjust in line with MPC projections. CPI inflation is forecast at 2% for FY26, while for FY27 it is expected to average near the 4% target, with projections of 3.9% in Q1 and 4% in Q2.