RBI report confident of festival boost to economy
Business Standard|October 22, 2024
The Reserve Bank of India's (RBI's) State of the Economy report for October acknowledged a slowdown in some high-frequency indicators but expressed confidence in a recovery, aided by consumption demand during the festival season.
MANOJIT SAHA
RBI report confident of festival boost to economy

"In India, aggregate demand is poised to shrug off the temporary slowdown in momentum in the second quarter of 2024-25 as festival demand picks up pace and consumer confidence improves," said the report released on Monday. According to the report, India's growth outlook is supported by robust domestic drivers despite geopolitical tensions.

STATE OF THE AFFAIRS

■Rural demand is likely to get a boost from the improved agricultural outlook

■The time for private investment is now; delay risks a loss of competitiveness

■Slowdown in credit card transactions as lenders are adopting caution in view of risks flagged in unsecured loans

■Retail credit growth has moderated as lenders have tightened personal loan supply

この記事は Business Standard の October 22, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の October 22, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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