The Reserve Bank of India's (RBI) October bulletin highlights a robust domestic engine supporting India's growth outlook, despite geopolitical tensions. The global economy remained resilient in the first half of 2024, with declining inflation supporting household spending. Private investment is showing encouraging signs, and consumption spending is expected to revive during the festival season. The RBI's economic activity index (EAI) projects a GDP growth rate of 6.8% for the July-September 2024 quarter.

Source: https://www.wionews.com/business-economy/robust-domestic-engines-supporting-indias-growth-outlook-rbi-bulletin-769887