Tag: private sector

Amidst weakening global prospects, the Indian economy is gaining strength led by domestic drivers – private consumption and fixed investment with strong public sector capex, said an article published in Reserve Bank of India’s latest monthly bulletin. Supply responses are improving and headline inflation has softened in August from the previous month’s peak, it added.“In the second quarter, available indicators point to a gain in quarter-on-quarter (q-o-q) momentum on the back of domestic demand. Clothing and lifestyle retailers and shopping malls are experiencing a sharp recovery in sales...