The bulletin added that headline inflation has come off the December 2023 peak, however, food price pressures have been interrupting the ongoing disinflation process.
The Reserve Bank of India-led Monetary Policy Committee (MPC) has once again kept the policy repo rate unchanged at 6.5 per cent. As a mark of abundant caution, the monetary stance also continues to.
World Bank, in its report, credited India's robust growth for the economic growth in the region. The recoveries in Pakistan and Sri Lanka economies also drove the growth in the region.