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Economic growth poised to rebound: RBI report
The New Indian Express Kochi
|January 18, 2025
THE economic growth, which surprisingly slumped to a seven-quarter low of 5.4% in the second quarter, is poised to rebound, as demand regained momentum, though stickiness in food inflation warrants careful monitoring, the latest RBI bulletin has said.
In the December monetary policy, the central bank slashed its own forecast in October by 60 bps to 6.6% while many private analysts from the private sector pegged growth much lower ranging in the 6 to 6.2%. This also had many calling for rate cuts.
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