Inflation in the current financial year and the next financial year (FY27) is likely to be much lower than the Reserve Bank of India's (RBI) projections, according to a report released by the State Bank of India (SBI). The report highlighted that several domestic factors are working in favour of easing price pressures. These include healthy progress of the monsoon, higher kharif sowing, adequate reservoir levels, comfortable buffer stock of foodgrains, and the most significant factor, GST rate rationalizati ...