Economy Gains Momentum Over GST Rate Cuts, Festive Demand: RBI Report - NDTV

Mumbai: The Indian economy showed signs of a further pickup in momentum, despite continuing global headwinds. Available high-frequency indicators for October suggest a robust expansion in both manufacturing and services activities, supported by festive season demand and the ongoing positive impact of the GST reforms, according to the RBI monthly bulletin released on Monday. Inflation has moderated…