RBI Governor: India in 'Rare Goldilocks Period' with Robust Growth, Benign Inflation

• RBI Governor described India's economy as being in a "rare goldilocks period" due to robust GDP growth and benign inflation.
• India's economy grew 8% in H1 fiscal year with inflation at 2.2%; Q2 GDP growth accelerated to 8.2%.
• The RBI MPC cut the repo rate by 25 basis points, supported by retail inflation dropping to a historical low of 0.25% in October.
• Growth drivers include consumption, services, manufacturing, tax cuts, government capex, and softer crude prices.
• RBI revised GDP growth forecast to 7.3% for the current fiscal year and pared full-year inflation outlook to 2%.

Why It Matters: India's 'goldilocks period' of growth and low inflation benefits its economy.