India’s GDP Growth On Recovery Path

Mumbai: The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday.

An article on the ‘State of the Economy’ in the December Bulletin noted that the global economy continues to exhibit resilience with steady growth and moderating inflation. “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,” it said.