Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com -- The Indian economy is demonstrating resilience despite significant challenges in the global economic landscape, according to the Reserve Bank of India’s (RBI) monthly bulletin.
The central bank highlighted that while India is not immune to global economic fluctuations, several domestic factors are helping maintain economic stability. Low inflation rates, along with robust corporate and banking balance sheets, are contributing to this resilience.
Earlier in October, the RBI raised its growth forecast for the Indian economy to 6.8% for the current year, reflecting confidence in the country’s economic trajectory.
"The growth outlook remains resilient, supported by domestic drivers, despite uncertainties on the external front," the bulletin stated.
The central bank also noted that domestic structural reforms are helping to partially offset negative impacts from weakening external demand conditions.
The report confirmed the Monetary Policy Committee’s position that current macroeconomic conditions have created policy space to further support economic growth in India.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.