Indicators
India’s Government Cites Central Bank Policy for Slowdown
- Economic growth seen at 6.5% for the year through March
- Domestic demand strong, global growth uncertain amid tariffs
Strong growth in two- and three-wheeler sales, and domestic tractor sales, in October and November point to resilient rural demand, while a robust pickup in air passenger traffic in the period indicate recovery in urban demand.
Photographer: Prashanth Vishwanathan/BloombergThis article is for subscribers only.
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India’s government partly blamed the central bank’s tight monetary policy for the economy’s weak performance and said growth will likely improve in the second half of the fiscal year as demand picks up and restrictive measures ease.