RBI highlights domestic resilience amid global headwinds

New Delhi (TIP)- India’s domestic economy held steady in June and July, showing resilience amid global macroeconomic uncertainty driven by geopolitical tensions and trade-related risks, the Reserve Bank of India said in its latest monthly State of the Economy report.
The central bank said on Wednesday that improved prospects for kharif or monsoon crops, steady momentum in the services sector, and modest industrial growth supported overall activity.
“Domestic economic activity held up, with improving kharif agricultural season prospects, continuation of strong momentum in the services sector and modest growth in industrial activity,” RBI said, highlighting the economy’s relative stability amid external headwinds.
“Headline CPI inflation remained below 4% for the fifth consecutive month in June, driven by deflation in food prices,” it added. Retail inflation based on the consumer price index (CPI) rose 3.54% in July, its lowest in 59 months, according to the latest data from the Ministry of Statistics and Programme Implementation). The 5.42% rise in food inflation in July was the lowest since June 2023, when it was 4.55%.
To be sure, retail inflation has been below the 6% mark since September, remaining within the central bank’s tolerance range of 2-6% for 11 consecutive months.
Services sector output rose to a 10-month high in June, driven by higher sales and new order intakes, and positive demand trends.
The seasonally adjusted HSBC India Services PMI Business Activity Index, compiled by S&P Global, rose to 60.4 in June, up from 58.8 in May, with the increase in export orders among the strongest in the series’s history, according to the survey.

36 Comments

  1. My spouse and I absolutely love your blog and find many of your post’s to be exactly what I’m looking for. can you offer guest writers to write content available for you? I wouldn’t mind creating a post or elaborating on many of the subjects you write concerning here. Again, awesome blog!

  2. Do you have a spam issue on this blog; I also am a blogger, and I was curious about your situation; we have created some nice methods and we are looking to swap strategies with others, be sure to shoot me an email if interested.

  3. Hmm it seems like your blog ate my first comment (it was super long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog writer but I’m still new to the whole thing. Do you have any recommendations for newbie blog writers? I’d genuinely appreciate it.

  4. My coder is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using Movable-type on various websites for about a year and am worried about switching to another platform. I have heard great things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any help would be greatly appreciated!

  5. Thanks for the sensible critique. Me & my neighbor were just preparing to do a little research about this. We got a grab a book from our area library but I think I learned more clear from this post. I am very glad to see such wonderful information being shared freely out there.

  6. Hi! This is my 1st comment here so I just wanted to give a quick shout out and tell you I truly enjoy reading your posts. Can you recommend any other blogs/websites/forums that cover the same subjects? Thanks!

  7. Hiya, I am really glad I have found this info. Today bloggers publish only about gossips and net and this is really irritating. A good blog with interesting content, this is what I need. Thank you for keeping this website, I’ll be visiting it. Do you do newsletters? Can’t find it.

  8. Hi there just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading properly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same outcome.

  9. What i don’t realize is in reality how you’re not actually a lot more well-preferred than you might be now. You’re so intelligent. You realize therefore considerably in relation to this topic, produced me personally believe it from a lot of various angles. Its like men and women are not interested unless it is something to do with Woman gaga! Your personal stuffs great. At all times maintain it up!

  10. It’s appropriate time to make some plans for the future and it’s time to be happy. I have read this post and if I could I desire to suggest you some interesting things or suggestions. Perhaps you can write next articles referring to this article. I desire to read even more things about it!

  11. I would like to thnkx for the efforts you’ve put in writing this website. I’m hoping the same high-grade website post from you in the upcoming also. In fact your creative writing abilities has encouraged me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

  12. You actually make it seem so easy with your presentation but I in finding this matter to be actually something which I feel I would never understand. It sort of feels too complex and very wide for me. I am looking ahead on your subsequent put up, I’ll try to get the hang of it!

Leave a Reply

Your email address will not be published.