India's gross domestic product (GDP) growth, which plunged to 5.4 per cent in the July-September quarter, is making a comeback in the October-December period, according to high-frequency indicators cited in the State of the Economy report by the Reserve Bank of India (RBI).
"High-frequency indicators (HFIs) for the third quarter of 2024-25 indicate that the Indian economy is recovering from the slowdown in momentum witnessed in Q2, driven by strong festival activity and a sustained upswing in rural demand," the report, authored by RBI staff, including Deputy Governor Michael Patra, said.
The views expressed in the report are those of the authors and not the RBI.
The report said India's growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand.
"Supported by record-level foodgrain production, rural demand, in particular, is gaining momentum.
Sustained government spending on infrastructure is expected to further stimulate economic activity and investment," it said.
هذه القصة مأخوذة من طبعة December 25, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 25, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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