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RBI Bulletin: From GDP growth to inflation - here are five key highlights
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India's real GDP growth at 6-quarter high in Q3FY24 driven by indirect taxes, lower subsidies: RBI “In India, real GDP growth was at a six-quarter high in Q3:2023-24, powered by strong momentum, robust indirect taxes, and lower subsidies. The high visibility of structural demand and healthier corporate and bank balance sheets will likely be the galvanising forces for growth going forward.
Even as inflation is on the ebb with broad-based softening of core inflation, the repetitive incidence of short amplitude food price pressures deters a swifter fall in headline inflation towards the target of 4 per cent," RBI said. Milestone Alert!
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