RBI issued bulletin on the state of the economy, know everything

Capital expenditure by the corporate sector is likely to drive the next phase of growth. This has been said in the latest bulletin of RBI. The article on 'State of the Economy' published in the February Bulletin of the Reserve Bank said that the possibility of stronger-than-expected growth of the global economy in 2024 has been seen in recent months. The risks have been broadly balanced.

According to the latest bulletin of RBE, investment intentions of the private corporate sector have been positive so far this year. The total cost of projects for which loans were sanctioned by major banks/all-India financial institutions (FIs) was Rs 2.4 lakh crore during April-December 2023, 23 per cent higher than the corresponding period last year.

According to the RBI's most recent bulletin, the corporate sector's most recent round of capital expenditure is expected to accelerate the next phase of growth. The bulletin also emphasised that stable, low inflation, currently at 4%, is still necessary to sustain GDP expansion. Offers. Even though they were not as high as they were in the first quarter of 2023–2024, funds raised for capital expenditures and initial public offerings (IPOs) through external commercial borrowings (ECBs) remained strong during the second and third quarters of the current fiscal year. lacked the necessary resources.

Regarding inflation, the article stated that core inflation is at its lowest level since October 2019 and retail inflation, which is based on the Consumer Price Index (CPI), moderated in the January 2024 reading from the increase in November and December. The Reserve Bank has estimated GDP growth to be 7 per cent for the next financial year.