• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

India’s Consumption Story Optimistic, Agriculture Growth A Bright Spot: Report

OMMCOM NEWS by OMMCOM NEWS
December 9, 2024
in Nation

New Delhi: The Reserve Bank of India’s (RBI) consumer confidence in November turned optimistic for the future while on the rural front, agriculture growth remained a bright spot, clocking a growth of 4 per cent in the second quarter (Q2) this fiscal (FY25), a report showed on Monday.

The private final consumption expenditure (PFCE) growth inched up to 6 per cent in Q2 FY25, against a growth of 2.6 per cent in Q2 FY24, a Bank of Baroda (BoB) report said.

“There are mixed signs of how the consumption story is faring so far as reflected by high-frequency indicators, including uptick in electronic imports. RBI’s consumer confidence in November 2024 turned optimistic for the future,” the report added.

On the rural front, agriculture growth remained a bright spot, clocking a growth of 4 per cent in the July-September period, against 1.7 per cent in the same period last fiscal.

“Rabi sowing so far has been higher compared with last year supported by good soil conditions and better reservoir levels,” the report noted.

The area covered under the sowing of the Rabi crop in the ongoing season has gone up to 428.28 hectares (as on December 2), up from 411.8 lakh hectares. The increase in the sown area augurs well as it is expected to result in higher food production and spur growth.

The central bank, in its recent Monetary Policy Committee (MPC) meeting, did resort to a cash reserve ratio (CRR) cut of 50 bps which will add over Rs 1.16 lakh crore of liquidity.

“We see the beginning of the easing cycle (25bps) from February 2025 onwards,” the BoB report said. India’s GDP growth for Q2 FY25 moderated to 5.4 per cent. However, a rebound is expected in the second half of FY25, on the back of an acceleration in government spending.

“Consumption spending is also expected to inch up with support from rural spending and ongoing wedding season,” the report noted.

(IANS)

Tags: Reserve Bank of India
ShareTweetSendSharePinShareSend
Previous Post

14 Ex-MLAs Yet To Vacate Govt Quarters: Odisha CM

Next Post

Well-Planned Anti-India Campaigns, Says BJP; Questions Sonia’s ‘Links’ With Soros

Related Posts

Nation

‘Operation Sindoor’ Embodiment Of India’s Military Prowess: Rajnath Singh

October 24, 2025
Nation

ECI Asks Bihar Parties To Disclose If Campaign Content Is AI-Generated

October 24, 2025
Nation

Durgapur Gang-Rape: Victim Identifies Key Perpetrator During Test Identification Parade

October 24, 2025
Nation

PM Modi Hails ITBP’s ‘Unwavering Resolve’ And Devotion To Duty On Raising Day

October 24, 2025
Nation

‘Hanging In Room’: Kota Student Commits Suicide After Failing Exams

October 24, 2025
Delhi HC
Nation

Termination Of Arbitration For Default Not An ‘Award’: Delhi HC

October 24, 2025
Next Post

Well-Planned Anti-India Campaigns, Says BJP; Questions Sonia's 'Links' With Soros

Prime Minister Narendra Modi

Will Bring 1 Lakh Youth Into Politics: PM Modi

Sports Min Fetes Indian Team On Historic Show In Asia-Pacific Deaf Games

KHIMJI
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.