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India's growth trajectory to pick up in Oct-Mar: RBI

Mint Kolkata

|

December 25, 2024

The prospects for agriculture and rural demand are looking up due to 'brisk' expansion of rabi sowing, RBI said

- Reuters

India's growth trajectory is expected to pick up in the second half of 2024-25, driven by domestic private consumption and a sustained revival of rural demand, the central bank said in its monthly bulletin released on Tuesday.

"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 Reserve Bank of India said in an article titled 'State of the Economy'.

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