India is projected to grow 6.2% this fiscal, report the media, quoting global banking major HSBC. It raised its assessment for the next fiscal by 0.5% to 8.5%, provided the economy recovered.
HSBC Co-Head, Asian Economics, Global Markets, Robert Prior-Wandesforde reportedly said in Mumbai on Thursday that the WPI-inflation was likely to reach 8% by February-March. It could be due to higher energy and manufacturing prices.
In a related development, the Reserve Bank of India (RBI) projected inflation at 6.5% by March-end and the GDP growth at over 6%. Wandesforde said the RBI's measures indicated that the monetary policy was moving towards an inflation-focused regime. He opined that the apex bank's actions were preventive to avoid an asset-bubble in the system, and it could have done this to convince the market that the policy was focused to contain inflation.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.