"High-frequency indicators 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 central bank said in an article titled 'State of the Economy'.
Also, the prospects for agriculture and rural consumption are looking up due to "brisk" expansion of rabi sowing, it said.
The gross domestic product (GDP) rose by 5.4% in July-September on-year, the lowest in seven quarters, as weaker expansions in manufacturing and consumption hurt the economy.
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Denne historien er fra December 25, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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