“Domestic economic activity has been gaining traction in spite of formidable headwinds from external developments,” the Reserve Bank of India said in its monthly bulletin published on Thursday.
Gross domestic product (GDP) for 2021-22 surpassed its pre-pandemic (2019-20) level by 1.5% and activity is gaining strength in 2022-23 so far as gauged from high frequency indicators, it added.
Source: Economy - investing.com
