The Indian economy has shown significant resilience in the face of global uncertainties, driven by a strong agricultural season, dynamic performance in the services sector, and moderate industrial expansion, according to the Reserve Bank of India’s latest monthly bulletin. n nWith increasing trade-related uncertainties, the RBI emphasized that “developing more robust trade relationships could offer India a strategic advantage to enhance its participation in global supply chains.” This insight was detailed in the RBI’s State of the Economy report, published on Wednesday.
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India’s RBI Says Growth Boosted by Agriculture, Services
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. n nAs trade uncertainties rise, “building more resilient trade partnerships presents a strategic opportunity for India to deepen its integration with global value,” the RBI said in its State of the Economy report released Wednesday.