RBI's October Bulletin predicts India's positive growth in 2024-25, driven by domestic demand and private investment.

The Reserve Bank of India's October Bulletin projects a positive growth outlook for India, driven by strong domestic demand and rising private investment, despite a temporary slowdown in Q2 of 2024-25. Increased festival demand and improved consumer confidence are expected to boost aggregate demand. Rural demand may benefit from better agricultural conditions, while geopolitical tensions and inflation remain potential risks. The RBI plans to manage liquidity flexibly to support economic stability.

October 21, 2024
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