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India's growth trajectory to pick up in Oct-Mar: RBI
Mint Kolkata
|December 25, 2024
The prospects for agriculture and rural demand are looking up due to 'brisk' expansion of rabi sowing, RBI said
India's growth trajectory is expected to pick up in the second half of 2024-25, driven by domestic private consumption and a sustained revival of rural demand, the central bank said in its monthly bulletin released on Tuesday.
"High frequency indicators for the third quarter of 2024-25 indicate that the Indian economy is recovering from the slowdown in momentum witnessed in Q2, driven by strong festival activity and a sustained upswing in rural demand," the Reserve Bank of India said in an article titled 'State of the Economy'.
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