India's growth rate may increase in the second half of the financial year 2024-25. RBI has given this information in its monthly bulletin. It was said in the bulletin that India's growth may accelerate in the second half. This is mainly due to the strength of domestic consumer demand. The global economy is growing at a steady pace and inflation is under control, due to which it is moving forward strongly.

Economy recovering from slowdown

India's economy is recovering from slowdown in the second quarter. This is due to strong festive activities and continued surge in rural demand. In this article by the team of RBI Deputy Governor Michael Debabrata Patra, it has been said that the prospects of agriculture have improved with the increase in Rabi sowing. In such a situation, improvement in rural consumption is also expected.

Expected to boost investment

According to this, the growth rate is set to increase in the second half of the financial year 2024-25. This is mainly driven by strong domestic private consumption demand. Rural demand is increasing. Continued government spending on basic infrastructure is expected to boost economic activity and investment.

improvement in economy

After slow growth rate in the September quarter, the Indian economy is now showing improvement. It was told in the RBI bulletin that demand has increased due to the festive season. Improvement is also taking place in rural areas. High-Frequency Indicators (HFIs) of the third quarter show that the Indian economy is recovering from the recession in the September quarter.