The Reserve Bank of India (RBI), in its annual report released today, projected India to retain its status as the fastest-growing major economy during current financial year. Growth will be driven by rising household consumption, strong bank and corporate balance sheets, and continued public capital expenditure. Inflation is expected to ease, aided by a good monsoon, lower commodity prices, and improved supply chains. While exports may face global headwinds, India’s trade deals could offset risks. Manufacturing and construction are set to expand, boosting jobs and demand. The RBI also plans to simplify regulations and enhance financial sector cybersecurity.