(MENAFN- KNN India) New Delhi, Nov 25 (KNN) The Reserve Bank of India (RBI) has said that the fiscal, monetary and regulatory measures implemented so far this year are expected to set in motion a virtuous cycle of stronger private investment, productivity and long-term economic growth.

The assessment was published in the 'State of the Economy' article in the central bank's November bulletin, released on Monday.

The RBI noted that the Indian economy is showing signs of strengthening momentum despite persistent global headwinds, reported PTI.

High-frequency indicators for October pointed to robust expansion in both manufacturing and services, supported by festive-season demand and the continued positive effects of GST reforms.

Inflation, the article said, has eased to a historic low and remains well below the target, while financial conditions have stayed benign with an adequate flow of financial resources.

The bulletin cautioned, however, that global uncertainty remains elevated, even though October saw a slight easing after more than a year of persistent rise.

It also flagged concerns over stretched valuations in global equity markets, questioning the durability of current optimism and its potential implications for financial stability.

The RBI reiterated that the views expressed in the article are those of the authors and do not represent the official position of the central bank.

(KNN Bureau)

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