Fiscal and monetary measures to boost pvt investment & growth

Mumbai: The fiscal, monetary, and regulatory measures undertaken so far this year will pave the way for a virtuous cycle of higher private investment and growth, leading to long-term economic resilience, the RBI bulletin said on Monday.

The Indian economy showed signs of a further pick-up in momentum, despite continuing global headwinds, said an article on ‘State of the Economy’ published in the November bulletin.

“Available high-frequency indicators for October suggest a robust expansion in both manufacturing and services activities, supported by festive season demand and the ongoing positive impact of the GST reforms,” it said.

Inflation has moderated to a historic low and remained well below the target rate, it said, adding that financial conditions remained benign, and the flow of financial

resources.

“The fiscal, monetary, and regulatory measures undertaken so far this year should pave the way for a virtuous cycle of higher private investment, productivity, and growth, leading to long-term economic resilience,” the article said.