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Pvt consumption back, driving domestic demand: RBI Bulletin

The Free Press Journal

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November 21, 2024

Private consumption is back, driven by festive spending, and the medium-term economic outlook remains bullish as the innate strength of the macro-fundamentals reasserts itself, the Reserve Bank Bulletin said on Wednesday.

Pvt consumption back, driving domestic demand: RBI Bulletin

Global economic activity remained resilient during Q4:2024 amidst fragile confidence and rising protectionism, said an article on 'State of the Economy' published in the November Bulletin.

"In India, the slack in speed observed in the second quarter of 2024-25 is behind us as private consumption is back to being the driver of domestic demand with festival spending lighting up real activity in Q3," it said.

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