1. Committed to achieving medium term target for headline inflation of 4% on a durable basis, says RBI
  2. Growth has been recovering and output gap is closing. This is reflected in the credit offtake in recent months.
  3. Volatility in crude prices has imparted considerable uncertainty to the near-term outlook
  4. The RBI sees several factors that could accelerate the pace of economic activity.
  5. Signs of revival in investment activity as reflected in sustained expansion in capital goods production and still rising imports.
  6. The RBI also finds global demand improving.