Financial exercise in India held up, with bettering kharif agricultural season prospects, continuation of robust momentum within the providers sector and modest progress in industrial exercise, stated RBI in its month-to-month bulletin.Headline inflation remained beneath 4 per cent for the fifth consecutive month in June, pushed by deflation in meals costs, the bulletin stated.The worldwide macroeconomic surroundings remained fluid in June and July to date amid geopolitical tensions and tariff coverage uncertainties.
“System liquidity remained in surplus to facilitate a quicker transmission of coverage charge cuts to the credit score markets.
The exterior sector remained resilient, backed by ample overseas alternate reserves and a average exterior debt-to-GDP ratio,” the State of the Financial system part of the RBI bulletin stated.Excessive-frequency indicators for industrial exercise recorded modest progress in June.
“Development in rural demand remained resilient and was accompanied by a restoration in city financial exercise,” the RBI stated.
“Amidst international financial uncertainties, the front-loading of spending by the central and state governments, with a concentrate on larger capex, helps to offset some slowdown witnessed in non-public capex expenditure.”India’s merchandise commerce deficit narrowed in June 2025, on account of contraction in each oil and non-oil commerce deficit, the RBI report affirmed.
All in all, amidst a difficult international surroundings, the Indian economic system confirmed resilience, the central financial institution bulletin stated.
“Excessive-frequency indicators recommend stability in mixture demand. Development momentum was buoyant for agriculture and providers sector whereas the expansion in industrial sector remained modest.
“The high-frequency indicators for general financial exercise confirmed combined indicators in June. E-way payments and toll assortment confirmed robust progress, whereas progress in Items and Providers Tax (GST) income collections moderated sharply in June, the bulletin famous.
