High frequency indicators show gain in growth momentum: RBI

The Reserve Bank of India (RBI) has published a report stating that high-frequency indicators show a broad-based gaining of growth momentum in the Indian economy. The report also highlights moderating inflation, which is bolstering macroeconomic fundamentals. The growth of e-commerce is expected to continue, especially during the festival season, with increased consumer confidence and demand for online shopping. However, tractor sales remain negative.

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