Domestic demand holds up in India while RBI flags tariffs and West Asia risk
The August bulletin says high-frequency indicators kept July's momentum, with double-digit growth in both merchandise exports and imports. Headline consumer inflation edged above target on supply-side pressure while core inflation stayed steady. Credit growth was high, liquidity comfortable and government bond yields softening, while foreign capital inflows rebounded.
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Reported development
Domestic demand holds up in India while RBI flags tariffs and West Asia risk The August bulletin says high-frequency indicators kept July's momentum, with double-digit growth in both merchandise exports and imports. Headline consumer inflation edged above target on supply-side pressure while core inflation stayed steady. Credit growth was high, liquidity comfortable and government bond yields softening, while foreign capital inflows rebounded. Credit growth was high, liquidity comfortable and government bond yields softening, while foreign capital inflows rebounded.[1]
Details in the report
The August bulletin says high-frequency indicators kept July's momentum, with double-digit growth in both merchandise exports and imports. Headline consumer inflation edged above target on supply-side pressure while core inflation stayed steady. Credit growth was high, liquidity comfortable and government bond yields softening, while foreign capital inflows rebounded. A recovering southwest monsoon in July brought kharif sowing close to normal acreage. The bulletin carries the standard note that the views belong to the authors and do not bind the Reserve Bank of India.[1]
Additional context
Domestic demand holds up in India while RBI flags tariffs and West Asia risk The August bulletin says high-frequency indicators kept July's momentum, with double-digit growth in both merchandise exports and imports. Headline consumer inflation edged above target on supply-side pressure while core inflation stayed steady. Credit growth was high, liquidity comfortable and government bond yields softening, while foreign capital inflows rebounded. A recovering southwest monsoon in July brought kharif sowing close to normal acreage. The bulletin carries the standard note that the views belong to the authors and do not bind the Reserve Bank of India.[1]
