MUMBAI, India, Feb. 20 -- Reserve Bank of India issued the following press release:

Today, the Reserve Bank released the February 2026 issue of its monthly Bulletin. The Bulletin includes bi-monthly monetary policy statement (February 6, 2026), one speech, three articles and current statistics.

The three articles are: I. State of the Economy; II. Union Budget 2026-27: An Assessment; and III. Retail Inflation Volatility in India: Sources, Determinants, and Implications.

I. State of the Economy

Global economic activity held up despite a pick-up in geopolitical uncertainty. Domestic economy remained resilient with quarterly results of listed private companies showing strengthening of aggregate sales growth. Industrial activity remained st...