Global uncertainty rises in February amid trade policy risks, Middle East conflict: RBI bulletin
Global uncertainty rose in February due to trade policy risks and Middle East conflict, causing volatility in commodity and financial markets. Despite this, India's economy showed resilience, with sustained growth driven by strong domestic demand and a 7.8% GDP expansion in the third quarter.
Global uncertainty increased in February due to trade policy risks and Middle East conflict. The crisis disrupted key oil infrastructure, triggering volatility in commodity and financial markets. Brent crude prices surged from $78 to $112.2 per barrel in March. India's economy showed resilience, with 7.8% GDP growth in the third quarter. Private consumption and investment activity remained robust. Inflation edged up slightly, with headline CPI inflation rising to 3.2% in February. Financial markets in India reflected global trends, with government bond yields firming up and equity markets correcting in February.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.