Current Affairs - Economy - Discussion

The RBI's MPC (monetary policy committee) lowered its Gross Domestic Product (GDP) growth forecast to 7% from 7.2% for FY 20 due to a slowdown in domestic activities and escalation in global trade war. In the April monetary policy, the growth of Gross Domestic Product (GDP) for 2019-20 was projected at 7.2% - in the range of 6.8-7.1% for the first half of the fiscal and 7.3-7.4% for the second part - with risks evenly balanced.