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Bright outlook for the Indian economy: RBI breaking news

According to the September issue of the Reserve Bank of India (RBI) Bulletin, the outlook for the Indian economy has brightened, the second wave has weakened, and preparations for the future remain in a state of war alert, achieving the speed of escape from the pandemic. increase. Inflation trajectory is shifting down more favorably than expected.

Aggregate demand remains strong, but on the supply side, the industrial index and core industries reflect improved industrial activity, and services sector indicators show a sustainable recovery, the report said. ..

“The healing of pandemic scars and the recovery of supply by improving productivity can be expected to sustainably ease core inflation, which will strengthen monetary policy’s growth-supporting stance. Let’s do it. “

According to the September issue of the Reserve Bank of India (RBI) Bulletin, the outlook for the Indian economy has brightened, the second wave has weakened, and preparations for the future remain in a state of war alert, achieving the speed of escape from the pandemic. increase. Inflation trajectory is shifting down more favorably than expected.

According to a breaking news article, Indian private sector investment intentions remain sluggish, reflected in the decline in the number of new announcements and the completion of the project. Pandemic uncertainties negatively impacted motivation for new projects between 2020 and 21 and prevented pipeline projects from being completed in a timely manner.

From 2021 to 2010, he said the demand for new projects would shape the outlook for private investment, along with the progress of projects already in the pipeline.

Fiber2Fashion News Desk (DS)



Bright outlook for the Indian economy: RBI breaking news

Source link Bright outlook for the Indian economy: RBI breaking news

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