India’s economic momentum strengthens amid global uncertainty: RBI Bulletin
Emerging market economies (EMEs), including India, are facing selling pressure from foreign portfolio investors (FPIs) and currency depreciation due to a strong U.S. dollar.
Emerging market economies (EMEs), including India, are facing selling pressure from foreign portfolio investors (FPIs) and currency depreciation due to a strong U.S. dollar.
Authored by a team led by Michael Patra, who recently stepped down as RBI Deputy Governor, the article highlights that domestic demand is strengthening across the board. “Rural demand, in particular, is gaining momentum, underpinned by resilient consumption and brighter prospects for agriculture,” it noted.
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