Pvt consumption back, medium-term economic outlook bullish: RBI Bulletin

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Pvt consumption back, medium-term economic outlook bullish: RBI Bulletin - Business Standard

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It further said that despite pressures in the bond and equity markets from global uncertainty and fluctuating foreign portfolio investments, financial conditions are likely to remain accommodative as reflected in corporate bond issuances and FDI inflows.

Record production estimates for kharif foodgrains as well as promising rabi crop prospects augur well for farm income and rural demand, going forward.RBI net buys $8.

The article, prepared by a team led by RBI Deputy Governor Michael Debabrata Patra, further said the Indian economy is exhibiting resilience, underpinned by festival-related consumption, and a recovering agriculture sector.