Retail inflation falls to 18-month low of 4.7% in April
Index of Industrial Production (IIP) grew 1.1% in March.
Index of Industrial Production (IIP) grew 1.1% in March.
The effective inflation faced by the bottom 50% of the population stood at 7.2% in the first nine months of FY23, says India Ratings and Research.
IMF says global growth prospects have “darkened significantly” as inflation “broadened” beyond food and energy, but FinMin says recession fears have done the opposite – softened inflation pressure
India's net exports will shrink due to subdued global demand and a rising real effective exchange rate; manufacturing firms will bear the brunt of higher input costs, says ADB report
Reserve Bank governor Shaktikanta Das says policy measures could impact demand in the short-term but moderating inflation pressure is crucial at this stage.
Inflation in the food basket declined from 8.31% in April to 7.97% in May.
With RBI increasing rates, investment climate subdued and Ukraine war in full swing, government finds it hard to check inflation without hurting economic growth.