India’s central bank on Friday raised its real GDP growth projection for 2025-26 to 7.4%, signalling confidence in the durability of domestic demand even as global trade uncertainties and financial market volatility cloud the external outlook, as it held interest rates steady. The revised forecast marks a modest upgrade from the 7.3% growth estimate announced in December, reinforcing the Reserve Bank of India’s view that Asia’s third-largest economy remains relatively insulated from global headwinds.