The Reserve Bank has expressed confidence in the domestic economy and said that the momentum in the domestic economy remains intact. The Reserve Bank's October bulletin has estimated that real GDP growth may remain at 7.2 percent in the financial year 2024-25. In the bulletin, the central bank said that consumption and investment demand will continue to accelerate growth. The Reserve Bank has projected 7 percent growth for the second quarter and 7.4-7.4 percent growth for the third and fourth quarters.

The bulletin said that demand in urban areas is also expected to remain strong and it will be helped by the service sector. The Reserve Bank also said that the government's emphasis on capital expenditure will have a positive impact on the strong balance sheet investment activities of companies and banks. Real GDP growth has increased at a rate of 6.7 percent in the first quarter of the financial year. At the same time, gross value addition on the supply side has increased at a rate of 6.8 percent.

Along with this, the bulletin also talks about the impact of monsoon. According to the bulletin, growth in the agri sector will continue due to increased sowing of Kharif amid better monsoon and positive conditions for crops. Along with this, the manufacturing sector will be helped by signs of cost reduction and government policies. On the other hand, regarding inflation, it was said in the bulletin that there has been a sharp decline in the inflation rate in July and August, but there is a possibility of an increase in inflation due to high food prices in the month of September. The bulletin estimates that food inflation will soften by the end of the financial year and the CPI may remain at 4.5 percent in 2024-25. At the same time, a GDP growth of 7.1 percent has been estimated for the financial year 2025-26. At the same time, a growth of 7.3 percent is possible for the first quarter of the next financial year.