New Delhi, May 22 -- Global growth continues to face several challenges due to ongoing trade tensions, policy uncertainty, and weak consumer sentiment, says a recent report by the Reserve Bank of India (RBI).

Despite these global headwinds, the report mentioned that the Indian economy has remained resilient and continues to show signs of steady progress.

It said "Amidst these challenges, the Indian economy exhibited resilience. Various high frequency indicators of industrial and services sectors sustained their momentum in April".

The report highlighted that persistent trade frictions, rising uncertainty in policymaking, and low consumer confidence are putting pressure on the world economy. Although a temporary pause in tariffs has pro...