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| 1. |
According to the 6th bi-monthly monetary policy statement for 2019-20, what is the GDP growth forecast for the financial year 2020-21? |
| Answer» The Reserve Bank of India released the 6th bi-monthly monetary policy statement for 2019-20 on 6 February. The Monetary Policy Committee which was led by Governor Shaktikanta Das from 4-6 February. The Central Bank has kept the repo rate unchanged at 5.15%.The reverse repo rate was decided to remain unchanged at 4.90%. RBI is to maintain an accommodative policy stance to ensure that inflation remains within the target. GDP growth forecast for the financial year 2020-21 has been projected at 6%. | |