Economy on a rebound, but rural demand slackening: RBI

The manufacturing and services remain in expansion with optimism on demand parameters and uptick in consumer and business confidence, RBI said in a note prepared by its economic and policy research team. “The renewed emphasis on public investment through infrastructure development is expected to crowd-in private investment and strengthen job creation and demand in 2022-23,” RBI said in the note on the state of the economy.

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