Easing geopolitical tensions in the Middle East may bolster India's economic prospects, with RBI's MPC member Nagesh Kumar hinting at a potential growth revision above 7%.
Prediction is contingent on global oil prices remaining around $70 per barrel
Jun 25, 2026
01:42 pm
What's the storyNagesh Kumar, an external member of the Reserve Bank of India (RBI)'s monetary policy committee, has hinted that India could grow by over 7% this year.
The prediction is contingent on global oil prices remaining around $70 per barrel.
RBI may raise India's growth forecast to over 7% this year, aided by easing geopolitical tensions and stable oil prices.
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