Mumbai, Jul 18 (PTI) The second quarter of 2024-25 has begun with signs of quickening momentum in the economy and the revival of rural spending has turned out to be a bright spot in the evolution of demand conditions, the Reserve Bank said in its Bulletin on Thursday.

Global economic activity appears to be strengthening across advanced economies (AEs) and emerging market economies (EMEs) and global trade in goods and services is gathering momentum, said an article on 'State of Economy' published in the RBI's Bulletin.

Also Read | Shillong Teer Results Today, July 18 2024: Check Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

It further said monetary policy divergence is setting the tone for global economic developments.

"In India, the second quarter of 2024-25 has begun with signs of quickening momentum in the economy," said the article.

Also Read | Ladla Bhai Yojana in Maharashtra: From Eligibility Criteria to Benefits and How To Apply, Here's All You Need To Know.

The improvement in the outlook for agriculture and the revival of rural spending have turned out to be the bright spots in the evolution of demand conditions, it added.

The article also noted that consumer price inflation ticked up in June 2024 after three consecutive months of moderation as a broad flare-up in vegetable prices halted the overall disinflation that had been underway.

The central bank, however, said the views expressed in the Bulletin article are of the authors and do not represent the views of the Reserve Bank of India.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)