India’s growth trajectory poised to lift in H2 of 2024-25 because of resilient domestic private consumption: RBI bulletin

economictimes.indiatimes.com:

Reserve Bank of India in its monthly bullentin said that India’s growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand.

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«India’s growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand. Supported by record level foodgrains production, rural demand, in particular, is gaining momentum. Sustained government spending on infrastructure is expected to further stimulate economic activity and investment. Global headwinds, however, pose risks to the evolving outlook for growth and inflation,» said the RBI in the bulletin.
Further, the central bank said that high frequency indicators (HFIs) 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 prospects for agriculture and hence rural consumption are looking up with brisk expansion of rabi sowing.
(more to come)