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Fresh capex by India Inc will fuel next leg of growth: RBI bulletin

The Indian economy continues to sustain the momentum achieved in the first half of 2023-24 and expectations of a fresh round of capex by the corporate sector is likely to fuel the next leg of growth, the Reserve Bank Bulletin said on Tuesday.

The likelihood of the global economy exhibiting stronger than expected growth in 2024 has brightened in recent months, with risks broadly balanced, said an article on State of the Economy published in the bulletin. ....

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RBI's State of the Economy report: Inflation control key for inclusive growth

The State of the Economy report of the central bank said that inflation needs to align with the target by the second quarter of the year and get anchored there to achieve 7% GDP growth in FY25. RBI in its December 2023 policy projected inflation measured by Consumer Price Index to be at 4% in the second quarter FY25. ....

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