New Delhi, Nov. 25 -- The Reserve Bank of India (RBI) has said that the fiscal, monetary and regulatory measures implemented so far this year are expected to set in motion a virtuous cycle of stronger private investment, productivity and long-term economic growth.

The assessment was published in the 'State of the Economy' article in the central bank's November bulletin, released on Monday.

The RBI noted that the Indian economy is showing signs of strengthening momentum despite persistent global headwinds, reported PTI.

High-frequency indicators for October pointed to robust expansion in both manufacturing and services, supported by festive-season demand and the continued positive effects of GST reforms.

Inflation, the article said, ha...