Alhough domestic consumption and investment demand are expected to continue driving growth, global uncertainty and domestic disruptions may keep inflationary pressures elevated for the coming months, warranting greater vigilance by the Centre and the RBI, says the monthly economic review released by the Finance Ministry on Tuesday.
The review noted that the government has already taken pre-emptive measures to restrain food inflation which, along with the arrival of fresh stock, is likely to subside price pressure in the market soon.
At the same time however, it added that the external sector requires monitoring for further strengthening the prospects in the face of active pursuit of industrial policies globally.
"Services exports continue to do well and are likely to continue doing so as the preference for remote working remains unabated, typically manifested in the proliferation of global Clcapability centres," the review said.
But the same time, from a medium- term perspective, it is important to monitor the impact of new technologies, such as Artificial Intelligence, on the external demand for Indian services exports and the consequent impact on employment, the review emphasised.
The review further said that there are downside risks to global stock markets on account of rising bond yields and anticipation of further monetary tightening do affect stock markets in emerging economies.
"Maintenance of macroeconomic stability may be returning as an important policy objective after about a year of relative abatement of macroeconomic headwinds," it observed.
Assam Police destroy poppy valued at Rs 27.20 crore
After Manipur Police, Assam Police also destroyed 170 Bighas (over 56 acres) of poppy cultivation in the Char areas of Goalpara district, officials said on Sunday.
PM Modi virtually attends Maha Kumbhabhishekam of Jakarta Murugan Temple in Indonesia
Prime Minister Narendra Modi on Sunday virtually participated in the Maha Kumbhabhishekam ceremony of Shri Sanathana Dharma Aalayam, also known as the Jakarta Murugan Temple, Indonesia's first-ever temple dedicated to Lord Murugan.
Gender Budget allocation increased to 8.86 pc for FY26 in Union Budget
The share of gender budget allocation in the total Union Budget has increased to 8.86 per cent in FY 2025-26 from 6.8 per cent in FY 2024-25.
Maha Kumbh: BSNL provides free SIMs, uninterrupted communication services in Mela area
From providing free SIM cards to ensuring uninterrupted communication services, Bharat Sanchar Nigam Limited (BSNL) is playing a key role in strengthening the communication infrastructure at the Maha Kumbh 2025, it was announced on Sunday.
Drugs worth Rs 10.80 crore seized in Mizoram, 4 held
Despite stringent border vigil, smuggling of drugs from Myanmar into North-east India, the security forces seized drugs worth Rs 10.80 crore and arrested four drug peddlers in Mizoram, officials said here on Sunday.
At Delhi poll rally, PM Modi promises 'Vikas ka naya Basant' for residents
Prime Minister Narendra Modi on Sunday said that Delhi is set to witness a "Vikas ka Naya Basant" (New spring of development) after the upcoming Assembly elections, comparing it to the seasonal change brought by Basant Panchami.
Custom duties rationalised in Budget to strengthen India’s economy: FM Sitharaman
The Centre has introduced customs duty rationalisation to ensure that the Indian economy becomes aatmanirbhar (self-reliant), Finance Minister Nirmala Sitharaman said in a post-budget interview with NDTV.
10.23 pc capex hike in Budget 2025-26 shows infrastructure remains a priority: FM Sitharaman
Finance Minister Nirmala Sitharaman told NDTV in a post-budget interview that the Government's focus has been on capital expenditure (capex) in the last few years, and now it has also given a huge boost to increasing consumption.