India not out of woods yet: RBI Bulletin on inflation

According to a Reserve Bank Bulletin, retail inflation in India has decreased due to monetary policy action and supply side interventions. However, the article warns that the global economy is showing signs of slowing down, with manufacturing languishing and services sector activity reaching its post-pandemic expansion limit. The article also mentions that India's GDP is expected to increase in the third quarter of 2023-24, driven by festival demand and resilient investment demand.

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