Show Quick Read Key points generated by AI, verified by newsroom RBI raises FY27 GDP forecast, lowers inflation to 5%. The central bank, however, cautioned that renewed geopolitical tensions, volatile energy markets and weather-related risks continue to cloud the global and domestic outlook. Domestic Economy Remains ResilientDespite these global challenges, Governor Malhotra said the Indian economy has performed better than expected during the April-June quarter of FY27, with high-frequency indicators pointing to resilient domestic demand. However, the central bank flagged deficient and uneven south-west monsoon conditions amid El Nino as a key downside risk for agriculture and rural demand. Also Read : RBI MPC Lowers CPI Inflation To 5%, Says El Nino Continues To Be A Major Risk