New Delhi, May 22 -- According to the Reserve Bank of India's (RBI) May 2024 Bulletin, India's economy is likely to sustain its strong growth trajectory, with projections indicating a 7.5 per cent expansion in the first quarter of the current fiscal year 2024-25.

This bullish outlook is underpinned by rising aggregate demand and a resurgence in non-food spending in rural areas, signalling a broadening of the economic recovery.

The RBI's analysis, based on the Economic Activity Index (EAI) a composite measure derived from 27 high-frequency indicators suggests that economic activity rebounded in April 2024, supporting the 7.5 per cent growth estimate for the April-June quarter.

The Indian economy has demonstrated remarkable resilience a...