India’s economic activity remains broadly resilient, bolstered by benign inflation, supportive financial conditions, and strong performance in industrial and services sectors, even as the global economy grapples with geopolitical tensions and trade uncertainties, the Reserve Bank of India (RBI) stated in its June 2025 Bulletin, released on Wednesday (June 25, 2025).

The article titled “State of the Economy” in the bulletin notes that despite a volatile global backdrop, India’s economy is showing consistent momentum, supported by positive high-frequency indicators for May 2025.

Global Headwinds, Domestic Stability

“The global economy is in a state of flux, reeling from the twin shocks of trade policy uncertainties and a spike in geopolitical tensions,” the bulletin said.

Yet, India appears insulated from the worst of global shocks, with the domestic economy displaying robustness in core sectors and policy-driven resilience.

Agriculture, Industry, and Services Show Growth

The bulletin highlights a broad-based increase in agricultural output across most major crops during the 2024–25 season, strengthening the rural economic base and helping moderate food inflation.

Meanwhile, both the industrial and services sectors showed signs of strength, as reflected in PMI data, freight volumes, electricity consumption, and urban employment metrics.

Inflation Under Control, Rate Cuts Transmitting Efficiently

For the fourth straight month, headline inflation remained below the RBI’s target, signaling price stability across key consumer categories.

The article also notes that financial conditions remain conducive, enabling a smooth transmission of recent rate cuts to credit markets. Lending rates have begun to decline, and credit offtake is improving steadily, especially in retail, MSME, and infrastructure segments.

Caution on Attribution

The central bank clarified that the views expressed in the article are those of the authors and do not represent the official position of the RBI as an institution.

However, the bulletin serves as a key barometer for understanding macroeconomic trends and policy direction, particularly in the context of uncertain global headwinds.

Conclusion: India Charts a Steady Course

While the global economic landscape remains uncertain, India’s steady performance across sectors, anchored inflation, and strong financial conditions suggest continued resilience and confidence in the economic recovery.

With favorable conditions in place, the economy is well-positioned to maintain momentum in the near term — even as external risks persist.

The Upcoming IPOs in this week and coming weeks are Crizac, Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Adcounty Media India, Marc Loire Fashions, Neetu Yoshi.

The Current active IPO are Moving Media Entertainment, Valencia India, PRO FX Tech, Ace Alpha Tech, Indogulf Cropsciences, Suntech Infra Solutions, Rama Telecom, Supertech EV, Sambhav Steel Tubes, HDB Financials, Abram Food, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Globe Civil Projects, Ellenbarrie Indutrial Gases, Kalpataru, AJC Jewel.

The Closed IPOs are Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, Mayasheel Ventures.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst