<h1>RBI's 2007-08 Q3 Review: GDP Growth Moderates to 8.9%, Inflation Eases, Policy Rates Steady Amid Global Uncertainties.</h1> The Reserve Bank of India's Third Quarter Review of the Annual Monetary Policy for 2007-08 reported a moderation in GDP growth to 8.9% in Q2, down from 9.3% in Q1. The agriculture, industry, and services sectors experienced varied growth rates, with services leading at 10.5%. Investment demand drove economic activity, while private consumption saw a slight decline. The industrial sector faced a slowdown, with manufacturing growth at 9.8%. Inflation eased to 3.8% but faced upward risks from global oil and food prices. The RBI maintained key policy rates and emphasized liquidity management amid global financial uncertainties.