RBI Bulletin says economic indicators showing sustained momentum in Q4FY25 growth

Reserve Bank of India

High frequency indicators of the economy are pointing towards a sustained momentum in growth in the fourth quarter of the fiscal, Reserve Bank of India’s (RBI) monthly bulletin released on March 19 said.

The report added that key sectors including construction, financial services and trade continue to thrive as pillars of economic resilience. Private consumption expenditure is on an upward trajectory, signalling strong consumer confidence and sustained demand, and government’s spending has picked up significantly in recent months, further supporting growth, the bulletin added.

“The Indian economy continues to demonstrate resilience in this turbulent global environment, as the growth momentum is supported by robust sectoral performance and improving consumption trends,” RBI bulletin said.

The Indian economy had recovered in the December quarter to grow at 6.2 percent after sinking to a seven-quarter low of 5.6 percent in the July-September period, data released on February 28 showed. The third-quarter growth number was a tad below the MC poll median of 6.3 percent but retained the full-year forecast of 6.5 percent, according to second advance estimates. India’s growth had slipped to a near two-year low of 5.6 percent in the second quarter, with the government projecting 6.4 percent growth in the first advance estimate.