The Reserve Bank of India (RBI) has decided to retain projection for real GDP growth at 9.5% for 2021-22. “The projection for real GDP growth is retained at 9.5% for 2021-22. Consumer Price Index (CPI) inflation is projected at 5.7 % during 2021-22 - this consists of 5.9% in Q2, 5.3% in Q3 and 5.8% in Q4 of 2021-22 with risks broadly balanced. CPI inflation for the first quarter of 2022-23 is projected at 5.1%,” said RBI Governor Shaktikanta Das on August 06.