Indian economy resilient amid global uncertainty: RBI bulletin

Highlights robust agricultural output and consumption

- PRESS TRUST OF INDIA

SOUND FISCAL POLICIES, a well-calibrated monetary framework, and digital transformation initiatives are expected to provide a strong foundation for long-term sustainable economic growth, according to the RBI's March bulletin released on Wednesday.

It also said that macroeconomic fundamentals remain strong, and economic growth is poised to sustain momentum driven by robust domestic demand, steady investment activity, and ongoing policy-driven infrastructure development along with a pick-up in government spending.

An article on "State of the Economy" published in the bulletin noted that the resilience of the global economy is being tested by escalating trade tensions and a heightened wave of uncertainty around the scope, timing, and intensity of tariffs.