The article said that high-frequency indicators suggest that economic activity has stalled in the month following the November festival. The Reserve Bank of India (RBI) said in a note on Monday that continued focus on strengthening macroeconomic fundamentals and economic reforms will enhance efficiency and productivity and help the domestic economy maintain high growth momentum amid rapidly changing global scenarios.

“Continued focus on macroeconomic fundamentals and economic reforms should help unlock efficiency and productivity gains to keep the economy firmly on a high growth path amid a rapidly changing global environment,” RBI’s article on the State of the Economy published in the December Bulletin said. The year 2025 brought an unprecedented change in global trade policies, a step towards bilateral rethinking of tariffs and terms of trade. Its effects on global trade flows and supply chains are still emerging.

The article says that this has increased global uncertainties and concerns about global growth prospects.