RBI says demand conditions in Indian economy are gathering momentum

New Delhi [India], August 19 (ANI): The demand conditions in the economy are gathering momentum after some slack in the first quarter of 2024-25, the Reserve Bank of India said in its monthly bulletin of August 2024.

As per the apex bank, signs of revival in rural consumption are visible as the growing income has started driving volume growth in fast-moving consumer goods (FMCG) which reflects strengthening fundamentals.