Global agencies upgraded India's growth forecasts, citing strong economic momentum from investments, industry, and exports. However, growth is expected to moderate later as tailwinds diminish. The farm sector is a key risk, with potential El Niño impacts threatening agricultural output and raising food inflation. Consequently, price pressures are building, leading to expectations of higher interest rates. Experts anticipate the RBI will raise policy rates by 25 bps. Monetary policy committee meeting is slated to enact tighter policy, balancing growth-inflation dynamics.