New Delhi, Aug. 27 -- Robust macroeconomic fundamentals continue to bolster the resilience of the Indian economy, according to the monthly review by the Department of Economic Affairs under the Ministry of Finance.

The government's recent policy initiatives, including the setting up of a Task Force for Next-Generation Reforms and the forthcoming GST reforms, deregulation initiatives of the States, coupled with the sovereign rating upgrade, are set to reduce borrowing costs, attract foreign capital, and bolster investment and consumption, the report for July released on Wednesday said.

"These reforms mark the beginning of an accelerated phase of governance transformation, ensuring that India extends its own line of progress, becoming mor...