Rural demand and private consumption picked up, India on sustainable growth path: Shaktikanta Das

RBI Governor Shaktikanta Das observed a resurgence in rural demand as indicated by recent GDP figures and FMCG data. Private consumption grew by 7.4%, accounting for 56% of GDP, while investment rose by 7.5%, making up 35% of GDP. Credit to agriculture and industries also experienced notable growth.

Sep 5, 2024 - 14:00

Rural demand and private consumption picked up, India on sustainable growth path: Shaktikanta Das

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RBI Governor Shaktikanta Das observed a resurgence in rural demand as indicated by recent GDP figures and FMCG data. Private consumption grew by 7.4%, accounting for 56% of GDP, while investment rose by 7.5%, making up 35% of GDP. Credit to agriculture and industries also experienced notable growth.