India, March 23 -- Reserve Bank of India (RBI) stated in a latest monthly update that the second advance estimates of GDP for 2025-26, with the new base year 2022-23, indicate sustained resilience in the Indian economy. The growth was driven by strong domestic demand, with private final consumption expenditure and investment activity remaining robust. The quarterly growth also remained high at 7.8 per cent in Q3:2025-26. High frequency indicators signal towards economic activity gaining momentum in February. Both urban and rural markets supported strong demand, aided by lower income tax and GST rates, cash flows from the kharif harvest, and the wedding season. Retail sales of two-wheelers, passenger vehicles, and tractors reached their hi...
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