Government retains GDP growth rate
India to grow at 7.4% in 2018-19 LAF unchanged at 6.5 per cent Finance Ministry Statement on Fifth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee, Reserve Bank of India issued, on the basis of its assessment of the current and evolving macroeconomic situation, decided to keep the Policy Repo Rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.5 per cent. The MPC has, however, retained its stance of ‘calibrated tightening’. The GDP growth projection for 2018-19 is retained at 7.4 per cent as in the Fourth Bi-monthly Resolution in October, 2018. The projections of inflation for 2018-19 and Q1:2019-20 have been substantially revised downwards from the October resolution. The Secretary, Department of Economic Affairs, Shri Subhash Chandra Garg in a Statement said that the assessment of the MPC for growth and inflation outlook is consistent with the Government’s assessment of inflation and growth. Shri Ga