Mumbai, Feb. 21 -- Reserve Bank of India (RBI) announced minutes of its latest Monetary Policy Committee Meeting yesterday. Committee member Nagesh Kumar noted that the economic outlook for the Indian economy has brightened considerably since the December 2025 MPC Meeting. The inflation outlook continues to remain benign, with headline CPI remaining low at 1.3% in December 2025, and the inflation outlook not showing any concerns of overheating. This leads to a possible changed narrative for monetary policy discussion.

Saugata Bhattacharya stated that high frequency indicators signal resilience in economic activity. Bank credit growth to non-retail sectors has gradually increased, which, together with a stable manufacturing capacity utili...