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With inflation likely to cool and growth strong, shallow rate cuts likely in the second half of FY25

RBI MPC expects India s GDP to grow at 7 per cent in the current financial year ....

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Is rural India wheeling its way out of demand depression?

India s rural economy faces challenges amid the overall economic growth, with disparities persisting. However, signs of rural demand revival emerge through increased two-wheeler sales and FMCG industry growth. The government and industry stakeholders are optimistic about further recovery, banking on factors like improved infrastructure and a normal monsoon. ....

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Is rural India wheeling its way out of demand depression?, Retail News, ET Retail

FMCG industry sales, to which rural India contributes 35%, have also seen a small uptick recently. The Indian FMCG industry s volume grew by 6.4 per cent year-on-year in the October-December quarter with an uptick in consumption that was seen both in urban and rural areas, according to a report by analytics firm NielsenIQ. ....

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Apr-Feb fiscal deficit at 86.5% of FY24 aim, net tax revenue falls in Feb

Net tax revenue turned negative during February primarily on account of a contraction in corporate tax revenue and due to the impact of transfer of tax devolution instalments to states, economists said. ....

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Core sector output growth spurts to 6.7% in February 2024

Core sector output growth spurts to 6.7% in February 2024
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