RBI’s State of the Economy Bulletin | 26 Dec 2023

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.

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