The Indian economy remains resilient despite global economic, trade, and geopolitical uncertainties, according to an article “State of the economy” in Reserve Bank of India’s June bulletin.
Domestic inflation remains benign with headline inflation remaining below the target for the fourth consecutive month in May, the bulletin said.
“Record domestic crop production in 2024-25 agricultural season is translating into a sharp and sustained easing of food price inflation. Steady core excluding food and fuel inflation, with indications of some softening after excluding the impact of volatile and elevated gold and silver prices, indicates that underlying inflationary pressures remain muted.”
It is important to note that the views expressed in the RBI Bulletin articles are of the authors and do not
represent the views of the Reserve Bank of India.
