The Reserve Bank of India (RBI) has said that India’s GDP growth will improve. RBI has announced a new lending policy. With the RBI assessment, the stock market rose to a record high. The RBI has said that the Indian economy is on the path of recovery, although it does not expect much growth.
The current negative growth rate will be above zero. The RBI has forecast a negative 7.5 per cent GDP growth this fiscal. The RBI has announced a new lending policy without changing interest rates.