India's central bank forecasts 7% GDP growth for next fiscal year

NEW DELHI -- The Reserve Bank of India on Thursday projected gross domestic product for the coming financial year at 7%, as the South Asian nation aims to maintain its brisk economic performance.

January estimates released by the government placed GDP growth for the current financial year through March at 7.3%, "marking the third successive year of growth above 7%," RBI Gov. Shaktikanta Das said after a three-day meeting of the bank's Monetary Policy Committee.