Consumer price inflation has crossed RBI's comfort zone of 4%, with upper and lower margins of 2%. In fact, such a sustained rise in inflation will, sooner or later, force RBI to increase interest rates in line with its global peers, affecting the nascent economic recovery. This also gives the FM less room to announce steps to boost demand. Any extra money in hands of the common man will further push inflation.
Top Stories
Macro
Budget 2022: High consumer inflation rules out big demand push
Inflation has exceeded RBI's comfort levels, forcing the central bank's hand to hike interest rates in line with its global peers.
More FromMacro
Fresh US duties on Chinese solar import to trigger India's ascent as global supplier
While India will be a major beneficiary in the solar equipment-making sector, India is unlikely to gain much from the other sanctioned sectors
99% mobiles sold in India are 'Made in India': FM on govt's PLI push
The fundamental basis for consistent, steady and high growth in India is “policy stability”, says Sitharaman
UN upgrades India’s 2024 GDP growth forecast to 6.9%
The growth forecast of 6.9% represents an uptick from the 6.2% estimate provided by the UN in January 2024
Everyone is getting richer; rich much richer, poor only slightly: Former RBI Guv D Subbarao
A rising tide lifts all boats, but it lifts different boats differently, says the former governor of the Reserve Bank of India
More FromMacro
Fresh US duties on Chinese solar import to trigger India's ascent as global supplier
While India will be a major beneficiary in the solar equipment-making sector, India is unlikely to gain much from the other sanctioned sectors
99% mobiles sold in India are 'Made in India': FM on govt's PLI push
The fundamental basis for consistent, steady and high growth in India is “policy stability”, says Sitharaman
UN upgrades India’s 2024 GDP growth forecast to 6.9%
The growth forecast of 6.9% represents an uptick from the 6.2% estimate provided by the UN in January 2024
Everyone is getting richer; rich much richer, poor only slightly: Former RBI Guv D Subbarao
A rising tide lifts all boats, but it lifts different boats differently, says the former governor of the Reserve Bank of India
Leave a Comment
Your email address will not be published. Required field are marked*