The monetary policy report of the Reserve Bank of India (RBI) has pegged economic growth at 7.8 per cent for the next financial year (FY23), assuming normal monsoon and full vaccination against Covid-19.

       “For 2022-23, the structural model estimates indicate real GDP growth at 7.8 per cent, with quarterly growth rates in the range of 5.0-17.2 per cent, assuming restoration of supply chains, a normal monsoon, no major exogenous or policy shocks, and full vaccination,” said the report, which is published twice a year — in April and October.

       While announcing the review of the monetary policy on Friday, the six-member monetary policy committee of the RBI retained the growth forecast for FY22 at 9.5 per cent, while CPI inflation projection was revised downward, from 5.7 per cent to 5.3 per cent.

       Here are 10 key takeaways from the report:

       Growth