India s retail inflation slightly dropped to 5.09% in February compared to 5.10% in the previous month, according to data released by the Ministry of Statistics & Programme Implementation. This is in line with the expectations of economists polled by Reuters, who predicted a decrease to 5.02%.
RBI MPC: India s policymakers see a Goldilocks scenario with a 4.5% inflation and 7% growth forecast for FY25, suggesting a balanced economy. The Reserve Bank of India s Monetary Policy Committee agrees on the need for caution amid uncertainties. While optimistic about growth, economists urge vigilance due to global headwinds. Nomura expects a cumulative 100 bps rate cut, while others predict a pause until H1FY25.
India s policymakers see a Goldilocks scenario with a 4.5% inflation and 7% growth forecast for FY25, suggesting a balanced economy. The Reserve Bank of India s Monetary Policy Committee agrees on the need for caution amid uncertainties. While optimistic about growth, economists urge vigilance due to global headwinds. Nomura expects a cumulative 100 bps rate cut, while others predict a pause until H1FY25.
India Inflation Rbi News: The Reserve Bank of India predicts inflation stabilization in India. Retail inflation eased to 5.1% in January. There may be renewed pressures from cereals and proteins. Input cost outlook and selling prices of manufacturing firms should improve. The global economy is expected to exhibit stronger-than-expected growth. India s debt-to-GDP ratio is projected to drop to 73.4% by 2030-31.
India may face a significant onion supply shortage, leading to a potential price surge in early March. Despite stable prices due to a supply glut, industry representatives warn of a 30% drop in the rabi harvest. Deficient rainfall in 2023 led to a price increase, prompting the government to ban onion exports until March 2024.