Indian economy continued to display strength amid buoyant domestic demand buoyant
Mumbai, Aug. 25 -- Reserve Bank of India (RBI) stated in a latest update that the Indian economy continued to display strength notwithstanding global headwinds. Domestic demand remained buoyant, as reflected by several indicators, including vehicle and tractor sales. Petroleum product consumption growth returned to positive territory, after three straight months of contraction. Industrial production strengthened sharply in June, recording its strongest growth in nearly two years, supported by a broad-based acceleration in manufacturing. The services sector also exhibited resilience. Both merchandise exports and imports grew strongly in July 2026 with exports growing at a four- month high (in 2026-27 so far). Merchandise trade deficit wide...
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