MPC Members Express Caution on Tariff Impact Amid India’s Growth Outlook Concerns The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) expressed caution regarding the potential impact of rising global tariffs on India’s economic growth, even as it revised the growth forecast for FY26. According to minutes from the committee’s April 9 meeting, concerns over global trade tensions and their ripple effects shaped a consensus for a more supportive monetary policy stance. The six-member panel voted unanimously for a 25 basis point cut in the repo rate and shifted its policy stance to "accommodative," aiming to cushion the economy from external shocks. Alongside this, the RBI revised its growth forecast for FY26 downward from 6.7% to 6.5%, aligning more closely with recent global projections — the International Monetary Fund (IMF) pegged it at 6.2%, while the World Bank set it at 6.3%. Global Uncertainty and Domestic Resilience RBI Governor Sanjay Malhotra acknowled...