Key facts
- India's annual GDP grew 7.7% year-on-year.
- The annual growth rate exceeded the previous quarter's growth of 6.5%.
- The Reserve Bank of India maintained its policy repo rate at 5.25%.
- The RBI is monitoring global energy costs and rupee weakness.
India's Gross Domestic Product (GDP) experienced an annual growth of 7.7% year-on-year. This figure represents a significant increase from the previous quarter's growth of 6.5%. The Reserve Bank of India has maintained its policy repo rate at 5.25%, while closely monitoring global energy costs and the impact of a weakening rupee on inflation and economic growth. The central bank has opted to look past the rupee's weakness while assessing the broader economic landscape.