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GST and other reforms to offset impact of external factors on economic growth to some extent, says RBI Governor Sanjay Malhotra during fourth bi-monthly policy review of FY26.
News18
RBI Governor Sanjay Malhotra on Wednesday said tariff-related developments are likely to decelerate growth in the second half of this fiscal but GST and other policy reforms announced by Prime Minister Narendra Modi recently will offset impact of external factors on economic growth to some extent.
He also said the RBI has revised upwards its GDP forecast for FY26 to 6.8%, from 6.5% earlier.
Announcing the fourth bi-monthly policy review of FY26, Malhotra said, “Economic growth outlook remains resilient helped by favourable monsoon, lower inflation and monetary easing… Domestic economic activities continue to sustain momentum in 2nd quarter of this fiscal.”
He added that growth-inducing policy reforms announced by PM will counter the adverse effects of tariff.
“GST and other reforms to offset impact of external factors on economic growth to some extent,” the RBI governor said.
Economic growth outlook remains resilient helped by favourable monsoon, lower inflation and monetary easing, he added.
“Software and service export is robust,” Malhotra said, adding that the external sector is resilient and we confident of meeting our commitments.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
October 01, 2025, 10:17 IST
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