कोशिश गोल्ड - मुक्त
RBI report confident of festival boost to economy
Business Standard
|October 22, 2024
The Reserve Bank of India's (RBI's) State of the Economy report for October acknowledged a slowdown in some high-frequency indicators but expressed confidence in a recovery, aided by consumption demand during the festival season.
"In India, aggregate demand is poised to shrug off the temporary slowdown in momentum in the second quarter of 2024-25 as festival demand picks up pace and consumer confidence improves," said the report released on Monday. According to the report, India's growth outlook is supported by robust domestic drivers despite geopolitical tensions.
STATE OF THE AFFAIRS
■Rural demand is likely to get a boost from the improved agricultural outlook
■The time for private investment is now; delay risks a loss of competitiveness
■Slowdown in credit card transactions as lenders are adopting caution in view of risks flagged in unsecured loans
■Retail credit growth has moderated as lenders have tightened personal loan supply
यह कहानी Business Standard के October 22, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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