RBI projects CPI inflation at 5.2 per cent and real GDP growth at 7.1 per cent for 2026-27

National Economy Economy & Banking Reports & Indices

RBI projects CPI inflation at 5.2 per cent and real GDP growth at 7.1 per cent for 2026-27

7 October 2026

The Monetary Policy Committee resolution of October 7, 2026 projects CPI inflation at 5.2 per cent for 2026-27.
The quarterly path is 4.9 per cent in Q2, 6.0 per cent in Q3 and 5.7 per cent in Q4, with Q1 of 2027-28 at 5.6 per cent.
Real GDP growth for 2026-27 is projected at 7.1 per cent.
The quarterly path for growth is 7.2 per cent in Q2, 6.9 per cent in Q3 and 6.8 per cent in Q4, with Q1 of 2027-28 at 7.1 per cent.
Risks to both the growth and the inflation projections are described as evenly balanced.

CPI inflation 2026-27: 5.2 per cent Real GDP growth 2026-27: 7.1 per cent Q3 inflation: 6.0 per cent Q2 growth: 7.2 per cent

Why it matters for exams: Examiners ask for the central bank's own projection of growth and inflation for the current financial year, and the quarterly path is the detail that separates a careful candidate from a vague one.

Kerala PSCUPSCBank

7 October 2026 Source: Reserve Bank of India

In plain words

CPI Consumer Price Index — The retail price index that the RBI targets under the flexible inflation targeting framework.

GDP Gross Domestic Product — Real GDP is output measured at constant prices, so growth in it excludes price change.