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RBI: DOMESTIC GROWTH STRONG DESPITE INFLATION
The Business Guardian
|October 22, 2024
After two months below target, inflation surged in September due to food prices, while festival spending strengthens in smaller towns.
India's growth outlook is supported by robust domestic engines, in spite of geopolitical tensions, asserted the RBI's monthly bulletin published on Monday.
Some high-frequency indicators have, however, shown a slackening of momentum in the second quarter of 2024-25 partly attributable to idiosyncratic factors like unusually heavy rains in August and September.
Looking ahead, RBI said private investment is showing some encouraging signs while consumption spending is shaping up for a festival season revival.
“After remaining below target for two consecutive months, inflation surged in September, as an adverse statistical base effect was compounded by a resurgence in food price momentum,” RBI bulletin read.
Diese Geschichte stammt aus der October 22, 2024-Ausgabe von The Business Guardian.
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