New Delhi: The Reserve Bank of India (RBI), in its monetary policy review, has reduced the nation's GDP growth estimate from 6.1 percent to 5 percent during FY 2019-20. Earlier, in the policy review in the month of October, the Reserve Bank had predicted that the GDP growth could be 6.1 percent in the financial year 2019-20.

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Earlier, several rating agencies had lowered India's GDP growth estimate. Now the central bank said after the balance at risk may lag behind GDP growth forecast. In the second quarter is noteworthy that this year GDP growth went up to the level of 6 to 4.5 per cent.

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The Reserve Bank's monetary policy review meeting was going on since Tuesday. After the meeting ended on Thursday, the Reserve Bank has not made any change in policy rates. The Reserve Bank said that economic activities have weakened further and production has also remained negative. Although there have been some improvements in investment activities due to the many initiatives taken by the Modi government and the softening of monetary policy by the Reserve Bank, it will still have to be monitored.

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