The Reserve Bank of India (RBI) foresees India’s economy growing at 6.5% in the fiscal year 2023-24, with a robust domestic demand acting as a key support. While the second quarter is expected to achieve 6.5% growth, the third and fourth quarters are projected at 6.0% and 5.7%, respectively. The RBI warns of potential headwinds from geopolitical tensions, global economic slowdown, and irregular monsoons. The report emphasizes balanced risks, citing the impact of global factors and uneven monsoons. The inflation outlook is influenced by factors like El Niño conditions, global food and energy prices, and demand-supply imbalances.