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RBI Highlights Domestic Resilience
Mint Mumbai
|July 24, 2025
The central bank expects India's GDP to grow at 6.5% in 2025-26, lower than the 6.7% it had projected in April
India's domestic economy held steady in June and July, showing resilience amid global macroeconomic uncertainty driven by geopolitical tensions and trade-related risks, the Reserve Bank of India (RBI) said in its latest monthly State of the Economy report.
The central bank said on Wednesday that improved prospects for kharif or monsoon crops, steady momentum in the services sector and modest industrial growth supported overall activity.
"Domestic economic activity held up, with improving kharif agricultural season prospects, continuation of strong momentum in the services sector and modest growth in industrial activity," RBI said, highlighting the economy's relative stability amid external headwinds.
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