District Daily News

New investment by India Inc. to support the next phase of growth: RBI bulletin

<p>The Reserve Bank Bulletin said on Tuesday that the Indian economy is still maintaining the pace it had in the first half of 2023–2024 and that the next leg of development is anticipated to be driven by anticipation of a new wave of capital expenditures by the business sector.</p>
<p><img decoding=”async” class=”alignnone wp-image-428026″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-new-investment-by-india-inc-to-support-the-next-phase-of-growth-rbi-bulletin-2024-.jpg” alt=”theindiaprint.com new investment by india inc to support the next phase of growth rbi bulletin 2024″ width=”1074″ height=”697″ title=”New investment by India Inc. to support the next phase of growth: RBI bulletin 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-new-investment-by-india-inc-to-support-the-next-phase-of-growth-rbi-bulletin-2024-.jpg 279w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-new-investment-by-india-inc-to-support-the-next-phase-of-growth-rbi-bulletin-2024–150×97.jpg 150w” sizes=”(max-width: 1074px) 100vw, 1074px” /></p>
<p>An item titled “State of the Economy” that appeared in the bulletin said that there is a chance that the global economy may expand more than anticipated in 2024, but the risks are still well-balanced.</p>
<p>According to high-frequency data, the Indian economy is still maintaining the pace it had in the first half of 2023–2024.</p>
<p>“The next leg of growth is likely to be driven by expectations of a fresh round of capital expenditure by the corporate sector,” said the study written by a group under the direction of RBI Deputy Governor Michael Debabrata Patra.</p>
<p>The GDP is expected to expand by 7% in 2024–2025, according to the central bank. Regarding inflation, it said that core inflation is at its lowest level since October 2019 and consumer price inflation has eased off its November-December peaks in its January 2024 reading. It clarified, however, that the opinions stated in the bulletin item are those of the writers and do not necessarily reflect those of the RBI.</p>