Definition: An economic condition where growth is steady and optimal, inflation is low, and monetary policy remains supportive—neither overheating nor stagnating.
Key Pointers:
• Often associated with accommodative or neutral monetary policy, not aggressive tightening.
• Rising tax collections (like GST) are used as real-sector confirmation of sustained demand.
• The term is descriptive, not an official macroeconomic classification used by IMF or World Bank.