The Reserve Bank of India’s (RBI) economic activity index projects GDP growth at 7 per cent in Q2 FY25 on the back of a ticking up of momentum relative to Q1.
August demand was firm and headline inflation edged up to 3.7 per cent from July’s 3.6 per cent.
PMI indicated the rate of expansion of input costs and selling prices moderated for manufacturing in August, RBI Bulletin’s latest issue said.