MUMBAI: The Indian economy has so far exhibited resilience, driven by a focus on strong and durable macroeconomic fundamentals amidst broader global uncertainty and weak external demand, a Reserve Bank of India (RBI) bulletin said on Monday.
Global uncertainty has edged up, said an article on 'State of the Economy' published in the RBI's October Bulletin.
In the US, both trade and economic policy uncertainty increased in September. Global growth, however, has broadly held up. Investor sentiments dampened in October, on renewed US-China trade tensions and prolonged US government shutdown, after a phase of buoyancy.
The Indian economy displayed resilience amidst broader global uncertainty and weak external demand. High-frequency indicators point to a revival in urban demand and robust ru