RBI may revise India growth to top 7% this year, MPC member says The easing in geopolitical tensions in the Middle East is poised to improve the outlook for Asia's third-biggest economy, reducing risks to both inflation and growth, Nagesh Kumar, an external member of the Reserve Bank of India's monetary policy committee, told Bloomberg in an interview. The reassessment marks a sharp contrast with about three weeks ago, when the RBI downgraded growth estimates for the year through March 2027 to 6.6% citing heightened uncertainty over the conflict in the Middle East.