Tag: Inflation

MUMBAI: High-frequency indicators point to a broad-based gaining of growth momentum, while moderating inflation bolsters macroeconomic fundamentals, the 'state of the economy' report published by RBI said.Higher year-on-year growth in air cargo, railway freight and construction indicators of steel consumption and cement production validated the uptick. Tractor sales is the only indicator that is still in the negative. "Growth is expected to gain momentum through the rest of the year, especially from the impetus of festival spending," the report said."The festival season is all set to light up...