India’s central bank reiterated that the economy remains resilient, but the Iran war and a deficient monsoon could pose risks to the outlook, according to its monthly economic report.
“The domestic economy has navigated the external uncertainties well, underpinned by healthy demand conditions and resilient performance of the industrial and services sector,” the Reserve Bank of India said in its State of the Economy report for July. High-frequency indicators also suggested robust industrial performance and a resilient services sector, it said.
