RBI Says Indian Economy Remains Resilient, but Iran War and Monsoon Deficiency Pose Risks

RBI Says Indian Economy Remains Resilient, but Iran War and Monsoon Deficiency Pose Risks

India's central bank has reiterated that the economy remains resilient, but the Iran war and a deficient monsoon could pose risks to the outlook. The Reserve Bank of India (RBI) said in its monthly economic report that the domestic economy has navigated the external uncertainties well, underpinned by healthy demand conditions and resilient performance of the industrial and services sector. However, the RBI also warned that the Iran war and a deficient monsoon could pose risks to the outlook.