RBI bulletin flags global uncertainty amid India's domestic resilience
The Reserve Bank of India's March bulletin reports that global uncertainty has risen due to geopolitical tensions and trade policy risks, despite India's domestic economy showing resilience. India's GDP is expected to grow 7.8% in the third quarter, driven by strong domestic demand, with private consumption and investment activity remaining robust.
Global uncertainty rose in February due to geopolitical tensions and trade policy risks. 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 GDP expanding 7.8% in the third quarter. Private consumption and investment activity remained robust, supported by lower income tax and GST rates. Industrial activity continued to expand, and the services sector remained resilient.
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