Retail inflation has eased to a three-month low of 5.1% in Jan due to a moderation in food and core inflation (minus food and fuel). The report said prospects of healthy rabi harvesting, sustained manufacturing profitability and underlying service resilience are expected to support economic activity in FY25. The RBI has forecast GDP growth at 7% for the current fiscal year while the govt expects it to be 7.3%.
India Business News: Retail inflation has eased to a three-month low of 5.1% in Jan due to a moderation in food and core inflation (minus food and fuel). The report said p
Food Inflation: "Indian economy’s domestic dynamics continue to be strong. Real GDP growth data for the last quarter of FY23 reaffirmed the ability of the Indian economy to grow on the strength of its domestic demand and investment despite a rise in global uncertainties and moderation in global output," it said in its monthly economic report for June.
"Indian economys domestic dynamics continue to be strong. Real GDP growth data for the last quarter of FY23 reaffirmed the ability of the Indian economy to grow on the strength of its domestic demand and investment despite a rise in global uncertainties and moderation in global output," it said in its monthly economic report for June.