New Delhi, Dec. 22 -- : India's economy is displaying a steady underlying resilience even as global uncertainty, volatile commodity prices, and uneven recovery continue to weigh on major economies.
The latest central bank assessment released on Monday points to a domestic growth engine that remains intact, supported by stable consumption, sustained credit expansion, improving corporate balance sheets, and continued public investment, suggesting that the economy is navigating external headwinds with increasing confidence.
High-frequency indicators show that domestic demand continues to provide a strong anchor. Urban consumption has remained resilient, supported by steady employment conditions and improving income visibility, while rural de...