NABARD’s eighth Rural Economic Conditions and Sentiments Survey (RECSS) covering September 2024 to November 2025 reveals a decisive revival in rural India. The high-frequency, bi-monthly survey shows that roughly 80% of rural households reported higher consumption over the past year, signalling stronger purchasing power and wider-based demand growth across villages….
Tag: Inflation
News
RBI Holds Repo Rate at 5.5%, Cuts Inflation Forecast to 2.6%
Mumbai, October 1: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.5% on Wednesday, citing easing inflation and resilient growth momentum. The decision comes at the conclusion of its three-day meeting, chaired by Governor Sanjay Malhotra. Repo Rate Held Steady, Neutral Stance…
News
India’s Services Sector Growth Hits 15-Year High in August
India’s services sector recorded its fastest expansion in 15 years during August, as robust demand fueled a surge in new business orders, according to the HSBC India Services Purchasing Managers’ Index (PMI) compiled by S&P Global. The index rose to 62.9 from July’s 60.5, underscoring strong momentum in the economy’s…