OECD raises India’s FY24 GDP growth forecast to 6.3%
India among three countries in G20 emerging-market grouping whose growth surprises have mostly been “positive”, says OECD Interim Economic Outlook
inflation in india
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Elevated inflation challenges macro stability: FinMin
It may be noted that headline retail inflation in the economy spiked to 7.4% in July 2023, with specific food commodities mainly driving the increase.
WPI inflation at -1.36% in July
The wholesale price index (WPI) rose to -1.36% in July as against -4.12% in June owing to an increase in food prices, according to the ministry of commerce & industry
Retail inflation falls to 18-month low of 4.7% in April
Index of Industrial Production (IIP) grew 1.1% in March.
Pricing Power Behind High Inflation?
Why central banks such as RBI need to look at high prices charged by dominant firms instead of focusing on higher repo rates only.
Bottom 50% Indians hit hard by inflation: Report
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.
Jan wholesale inflation dips to 24-month low at 4.7%
Govt says the decline in wholesale inflation is contributed by mineral oils, chemicals & chemical products, textiles, crude petroleum & natural gas, textiles, food products
Budget 2023: Food Price Inflation Mellows
Food inflation in India has mellowed to 3.5% in FY22.
India to become $10-trillion economy by 2035: Report
India now seems “unstoppable” in its momentum to become the “third economic superpower”, says a report by a UK-based economics consultancy company CEBR.
India’s wholesale inflation cools to 21-month low at 5.85%
WPI data comes two days after the country’s headline inflation was recorded at an 11-month low of 5.88% in November 2022.
