
RBI will be evaluating two key questions - what is the outlook on economic (GDP) growth and, what is the outlook on retail inflation

GDP growth for the year (FY22) is expected to be 8.8-9% with GVA (gross value added) growth of 7.8%.

The latest SBI Ecowrap report notes that the decline in June inflation print reveals an across-the-board decline in sequential momentum

IIP had contracted by an updated 0.9% in January after rising by 1.6% in December.