RBI Grade BNABARD ESISEBI
In one line
The RBI Bulletin’s “State of the Economy” report said the Indian economy has performed well despite global headwinds, while noting that the escalation in West Asia this month caused a sharp rise in oil prices, reviving fears of inflationary pressure and supply chain disruption.
Context
Key Highlights
- GDP Growth: India’s economy recorded strong growth in Q1 2026–27.
- Global Risks: Geopolitical tensions, higher crude oil prices and weather uncertainty remain key risks.
- FCNR(B) Deposits: Banks mobilised about $13.3 billion through FCNR(B) deposits, supporting liquidity and the rupee initially.
- Bank Deposits: Bank deposits recorded their fastest growth in 15 years in August.
- FDI: Net FDI rose 64% to $7.3 billion in July 2026.
- Major FDI Sectors: Communication, financial services and computer services.
- Major FDI Sources: Mauritius, UAE and the USA.
Important Facts for Examsmost asked
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- FCNR(B): Foreign Currency Non-Resident (Bank) deposits held by eligible NRIs in foreign currencies.
- FDI: Investment by a foreign entity in a business in another country.
- Global Headwinds: Global conditions that create challenges for economic growth.
- Top source countries: Mauritius, UAE, US — about 70 per cent of equity inflows
- Top sectors: communication, financial and computer services — over four-fifths
- Net FDI = gross inflows − repatriation/disinvestment − outward FDI by Indian firms
- Mauritius dominates as a source because of tax treaty and routing history — the recorded source is often not the true origin of funds
- FDI is a non-debt creating inflow; FCNR(B) deposits are debt-creating
