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RBI October Bulletin cites strong domestic demand as growth driver
The RBI October Bulletin cites strong domestic demand as a growth driver for India's economy.
The Reserve Bank of India released its October Bulletin on Friday detailing economic resilience amid global pressures. India's GDP grew 7.8 per cent in the first quarter of FY2026-27, while the IMF raised its growth forecast for the period to 7 per cent. RBI officials noted headline retail inflation hit a 23-month high of 5.5 per cent in September 2026 due to food and fuel costs.
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RBI October Bulletin cites strong domestic demand as growth driver
The Reserve Bank of India's October Bulletin, released on Friday, states that India's economy remains resilient despite mounting global pressures. RBI officials highlighted that strong macroeconomic fundamentals are shielding the country from the West Asia crisis and renewed trade tensions. The report identifies sustained domestic demand and robust activity in the services sector as the primary drivers of growth. These factors are helping the economy withstand rising oil prices and global inflationary trends.