RBI Anticipates Surge in Festive Demand to Boost Indian Economic Growth

The Reserve Bank of India (RBI) has expressed optimism regarding the potential revival of economic growth in the country, spurred by increased consumer demand during the ongoing festive season. In a statement released on October 21, 2024, the RBI indicated that traditional festivities typically usher in a wave of spending, which is crucial for the recovery trajectory of the Indian economy.

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