RBI predicts stronger economic growth in H2 FY25, driven by demand rebound and rural resilience
Reserve Bank of India (RBI) economists said on Friday in their latest assessment of the economy.
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Rural demand continues to gain momentum, reflecting a resilience in consumption, supported by brighter farm prospects. A revival in public capex on infrastructure is also likely to stimulate growth in key sectors, they said.
«The time is apposite to rekindle the animal spirits, create mass consumer demand and trigger a boom in investment,» the report said, barely a fortnight ahead of the budget.
The economists also pointed to recent moderation in inflation, albeit reinforcing that stickiness in food price rises needed careful monitoring.
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