RBI Governor Sanjay Malhotra said real GDP growth in FY27 is projected at 6.7%, 10 basis points higher than previous projections, while inflation is expected at 5%. Malhotra noted the supply-side risks posed by US-Iran war and the risks to agricultural sector's outlook due to El Niño. He said quarterly GDP growth is expected to hover between 6.4%-7% in FY27.