Try GOLD - Free
Rural demand revival pushing overall spending: RBI
The New Indian Express
|July 19, 2024
LED by a revival in rural demand on the back of a positive outlook for the agriculture sector has been pushing the overall demand conditions in the economy, leading to a surge in economic activity in the June quarter of the current fiscal, the Reserve Bank of India said in its monthly bulletin.
-
The central bank also notes that global trade in goods and services is gaining momentum. However, consumer price inflation increased in June, crossing the sensitive 5% mark after four months, halting the overall disinflation.
"The second quarter of 2024 has begun with signs of quickening momentum in the economy," said the July bulletin released on Thursday, noting the signs of quickening momentum in the economy and the revival of rural spending has turned out to be a bright spot in the evolution of demand conditions.
This story is from the July 19, 2024 edition of The New Indian Express.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express
The New Indian Express
Contract worker dies after inhaling toxic gas in manhole
A 37-year-old contract worker engaged in sewer network improvement works for the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) died after inhaling toxic gas inside a manhole at Tirupati Nagar 1st Main Road, Kolathur, on Saturday.
1 mins
October 05, 2025
The New Indian Express
Man has duty to care for wife, mom: HC on maintenance plea
OBSERVING that it is the legal, moral and social responsibility of a man to care for his mother and wife during their lifetime, the Madurai Bench of the Madras High Court recently dismissed a petition filed by a 60-year-old man and his two sons challenging an order passed by a family court directing them to pay ₹21,000 monthly maintenance to the man's wife who is living separately.
1 mins
October 05, 2025
The New Indian Express
Modi assails 'theft' of Jan Nayak honour
Karpoor! Thakur lauded that way; Cong bestows’ It on Rahul
1 min
October 05, 2025
The New Indian Express
COP-ING WITH 'UNRULY' CROWD
THE TVK rally that took a tragic turn at Karur, resulting in a stampede and death of 41 people, has exposed the inability of the police to leverage intelligence in preparing for mass crowds and dynamically manage large, restless, and undisciplined crowd in a public place.
3 mins
October 05, 2025
The New Indian Express
Sabarimala gold loot: Police complaint wants TDB, officials probed
THE Sabarimala Karma Samithi (SKS) has lodged a police complaint alleging that the loss of gold cladding at the hill shrine amounts to theft, criminal breach of trust and organised looting.
1 min
October 05, 2025
The New Indian Express
ONLY 2 HCS HAVE FULL STRENGTH OF JUDGES AMID PENDENCY LOAD
Sikkim and Meghalaya HCs are functioning with a full bench, according to the National Judicial Data Grid and Department of Justice
2 mins
October 05, 2025
The New Indian Express
Kalaignar univ: TN moves SC against guv
THE Tamil Nadu government has approached the Supreme Court challenging Governor R NRavi's decision to reserve the Kalaignar University Bill, 2025, for the consideration of the President instead of granting assent as advised by the State Council of Ministers.
1 min
October 05, 2025
The New Indian Express
Bandmate claims Zubeen was poisoned
IN a startling claim, late singer Zubeen Garg's bandmate Shekhar Jyoti Goswami has alleged that the singer was poisoned by his manager Siddharth Sharma and the organiser of the 4th edition of the North East India Festival Shyamkanu Mahanta.
1 min
October 05, 2025
The New Indian Express Chennai
The Man Who Taught a Village to Draw
Artist BA Reddy's three-decade-long journey at Sanskriti School has turned weekend art lessons into lifelines for countless children
4 mins
October 05, 2025
The New Indian Express Chennai
Silent Bowls, Sacred Flavours
In a quiet corner of Busan, Korea where the city seduces with the aroma of street-food, the air holds a different rhythm.
1 mins
October 05, 2025
Listen
Translate
Change font size