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Economy gaining strength, inflation to slide further in Sept: RBI report

Business Standard


Amid weakening global prospects, the Indian economy is gaining strength led by domestic drivers – private consumption and fixed investment, with strong public sector capital expenditure – and supply responses are improving, according to the Reserve


Bank of India’s (RBI’s) State of the Economy report released on Monday.

 


The report, however, flagged “a new risk to global financial stability”. Crude oil prices…


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