The Reserve Bank of India (RBI) has released its annual report for 2023-24 on May 30, 2024, highlighting several key aspects of the Indian economy. The report indicates that headline inflation is expected to moderate further, which will spur consumption demand, particularly in rural areas. The RBI also notes that the capital and asset quality of banks and non-banking financial companies (NBFCs) remain healthy. Additionally, the strengthening of banks’ balance sheets is expected to sustain credit growth. However, the report also warns of upside risks to inflation due to international commodity price movements and erratic weather developments. On a positive note, real GDP growth is robust, driven by solid investment demand, and the general government deficit is expected to decline. The RBI asserts that the Indian economy is well-placed to step up its growth trajectory over the next decade in an environment of macroeconomic and financial stability. Separately, S&P expects large Indian banks to improve their asset quality in the current fiscal year.
#Capital and #asset quality of banks, #NBFCs remain healthy, says #RBI in its #AnnualReport https://t.co/3JOgVru1KV
Indian economy well-placed to step up growth trajectory over next decade in environment of macroeconomic and financial stability: RBI
⚠️ RBI: HEADLINE INFLATION IS EXPECTED TO MODERATE FURTHER
⚠️ RBI: **AS HEADLINE INFLATION EASES TOWARDS TARGET, IT WILL SPUR CONSUMPTION DEMAND ESPECIALLY IN RURAL AREAS **UPBEAT CONSUMER, BUSINESS OPTIMISM, STRENGTHENING OF BANKS’ BALANCE SHEETS EXPECTED TO SUSTAIN CREDIT GROWTH **GENERAL GOVERNMENT DEFICIT IS EXPECTED TO DECLINE…
⚠️ RBI: INTERNATIONAL COMMODITY PRICE MOVEMENTS, ERRATIC WEATHER DEVELOPMENTS POSE UPSIDE RISKS TO INFLATION OUTLOOK
⚠️ RBI: INTERNATIONAL COMMODITY PRICE MOVEMENTS, ERRATIC WEATHER DEVELOPMENTS POSE DOWNSIDE RISKS TO THE GROWTH OUTLOOK
⚠️ RBI: AS HEADLINE INFLATION EASES TOWARDS TARGET, IT WILL SPUR CONSUMPTION DEMAND ESPECIALLY IN RURAL AREAS
⚠️ RBI: REAL GDP GROWTH IS ROBUST ON THE BACK OF SOLID INVESTMENT DEMAND
#NEWSFLASH | 🚨#RBI releases annual report for 2023-24 https://t.co/gozFu2otuE
⚠️ INDIA CENBANK RELEASES ANNUAL REPORT FOR THE YEAR 2023-2024
Large #Indian #banks are expected to improve their #AssetQuality in the current fiscal: S&P https://t.co/zQOuJIY6wa