Rapid Fire
RBI’s State of the Economy Bulletin
- 26 Dec 2023
- 1 min read
The Reserve Bank of India (RBI) recently released its 'State of the Economy' Bulletin, providing crucial insights into the economic landscape.
- RBI anticipates a potential global reduction in interest rates in 2024, influenced by disinflation trends worldwide.
- Despite global headwinds, the Indian economy maintained its position as the fastest-growing major economy in 2023.
- RBI's Economic Activity Index (EAI) projects Gross Domestic Product (GDP) growth of 6.7% for Q3 2023-24.
- EAI is a “nowcast” that uses 27 high-frequency indicators to gauge growth and output. It tracks GDP dynamics.
- Consumer Price Index (CPI) inflation rose to 5.6% in November 2023, driven by food price spikes.
Read more: Reserve Bank of India (RBI)
