Much before data released on November 29 showed that India’s economic growth had slumped to a seven-quarter low of 5.4 per cent in July-September, discussions within the government had questioned RBI’s upward revision of growth estimates to 7.2 per cent for 2024-25 and flagged worries about the cumulative impact of its prudential measures, The Indian Express has learnt. There were apprehensions that these had begun hurting India’s growth prospects and the RBI’s decision to keep policy rates static because of food and gold/silver inflation, has made the effective real rate of interest for the non-food part of the economy very high now, top officials said.