💨 Abstract

The Reserve Bank Bulletin reports that private consumption in India is rebounding due to festive spending, leading to a bullish medium-term economic outlook. The Indian economy is exhibiting resilience, underpinned by festival-related consumption, a recovering agriculture sector, and a growing e-commerce market, particularly in rural areas. The services sector, manufacturing, and construction are also expected to sustain growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖