The Reserve Bank of India, RBI Professional Forecasters' survey points to downward revision of economic growth projection from 6.5 to 6 to six per cent in the current fiscal. The Macro Economic and Monetary Developments Second Quarter Review for this year which was released today says that inflationary pressures could escalate further. The Reserve Bank indicated that it would continue with its accommodative policy stance as managing growth and inflation poses a big challenge for the central bank. The report comes a day before the second quarter review of the monetary policy is to be released. It says that the overall economic outlook shows a mixture of upside prospects of recovery and downside risks. The report indicates that due to deficient monsoons, khariff crop may be adversely affected. The drought conditions which were followed by floods in some parts could also dampen rural demand. It says that industrial sector has started showing recovery, growth in core infrastruture also witnessed acceleration of growth. The lead indicators for service sector suggest that activities relating to construction and telecommuniction have picked up, inspite of the fact that external demand dependent services such as tourism and cargo handled at ports continue to be depressed.While exports declined; imports increased as compared to the previous quarter showing the current trade deficit at 5.8 billion US dollars.The capital flows which had turned negative in the last two quarters of 2008-09 have reversed in the first quarter which reflects India's resilience to the global melt-down. The rebound incapital inflows has persisted for the second quarter as well.