Team Blitz India
NEW DELHI: In contrast to the global scenario, the Indian economy continues to exhibit strong economic performance with broad-based growth across sectors, the Ministry of Finance asserted.
“The optimism regarding growth prospects is also reflected in consumer and investor perceptions,” according to the Monthly Economic Review report of the Department of Economic Affairs under the Finance Ministry.
The Reserve Bank of India (RBI) also, in its latest Monetary Policy Committee meeting, noted the strong growth momentum in the economy and projected real GDP growth for 2024-25 at 7 per cent, driven by a pickup in rural demand and sustained momentum in the manufacturing sector.
“As per the latest consumer confidence survey, households’ sentiments on the general economic situation and employment prospects recorded notable improvements for both the current period as well as the upcoming year,” said the report of the Finance Ministry.
