• About us
  • Contact us
  • Our team
  • Terms of Service
Wednesday, July 16, 2025
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Growth driven by pvt consumption, revival in rural demand in Apr-Jun: RBI article

Press Trust of india by Press Trust of india
May 22, 2023
in BUSINESS
A A
0
RBI to conduct first-ever OMO purchase of SDLs on Oct 22
FacebookTwitterWhatsapp

Mumbai:  India’s growth in the April-June quarter is expected to be driven by private consumption, supported by reviving rural demand, and renewed buoyancy in manufacturing, a Reserve Bank article said on Monday.

The global economy is transfixed in the cross-currents of slowing growth and high inflation, and an uneasy calm prevails in the global financial markets as they await clearer signals from policy authorities on banking regulation and supervision, and contours of deposit insurance, it said.

Related posts

India’s 2024 economic growth projection revised upwards by UN to nearly 7%

Economy to grow at 6.5% in FY26 despite global tensions, trade uncertainties: EAC-PM chairman

July 15, 2025

Telcos roll out suffix on SMS headers to identify spam, share concern over gaps in OTTs

July 15, 2025

In April and the first half of May 2023, domestic economic conditions have sustained the quickening of momentum seen in the last quarter of 2022-23, said the article on ‘State of the Economy’.

Headline inflation eased below 5 per cent in April 2023, for the first time since November 2021. It further said corporate earnings are beating consensus expectations, with banking and financial sectors posting strong revenue performance, aided by robust credit growth.

“GDP growth in the first quarter of 2023-24 is expected to be driven by private consumption, supported by revival in rural demand that is underway on the back of the encouraging developments in both the kharif marketing season of 2022-23 and the rabi marketing season of 2023-24, the sustained buoyancy in services, especially contact-intensive sectors, and moderating inflationary pressures,” it said.

The article has been authored by a team led by RBI Deputy Governor Michael Debabrata Patra.

The central bank, however, said the views expressed in the article are those of the authors and do not represent the views of the Reserve Bank of India.

 

Previous Post

Fear of Unknown: CSK meets ‘CSK Lite’ as Dhoni faces ‘Gill Test’

Next Post

Impact of Rs 2,000 notes withdrawal ‘very very marginal’ on economy: Shaktikanta Das

Press Trust of india

Press Trust of india

Next Post
Economic growth will only move upwards: Shaktikanta Das

Impact of Rs 2,000 notes withdrawal 'very very marginal' on economy: Shaktikanta Das

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2024 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2024 Kashmir Images - Designed by GITS.