RBI Says Growth Boosted By Agriculture, Services

The monthly report also says boosting infrastructure investment, advancing structural reforms to enhance competitiveness and productivity will strengthen resilience, sustain growth momentum.

Farmers sow rice saplings at a paddy field in Baghpat, Uttar Pradesh, India. (Photo: Prakash Singh/Bloomberg)

India’s economy remained largely resilient despite global uncertainties, due to a robust agricultural season, strong momentum in the services sector and modest industrial growth, the Reserve Bank of India said in its monthly bulletin. 

Also Read: RBI Injects $5.8 Billion Cash As Borrowing Costs Top Policy Rate

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