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'India’s economy holding up despite global uncertainties'
Hindustan Times Patna
|July 24, 2025
MUMBAI: India’s economy continues to hold up against a global flux, dealing with the impact of geopolitical tensions and trade uncertainties, the Reserve Bank of India said in its monthly bulletin released on Wednesday.
The RBI cut its key policy rate by a larger-than-expected 50 basis points last month and slashed the cash reserve ratio for banks as low inflation gave it room to focus on supporting growth amid volatile global conditions.
India’s economic activity remained resilient, helped by improving prospects for summer-sown crops, strong momentum in the services sector, and modest growth in industrial activity, the RBI said in its State of the Economy article.
“High-frequency indicators suggest stability in aggregate demand,” the central bank said.
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