India CPI Inflation Seen At 4.3% In FY27 Says Crisil
Crisil projects India’s CPI inflation at 4.3 per cent in FY27, up from 2.5 per cent in FY26, driven by base effects and food prices.
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India’s Wholesale Inflation Remains Positive In March 2024, Driven By Food & Energy Prices
- by BW Retail World Bureau
- April 16, 2024
Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the fifth month after remaining in the negative zone for seven months until October. The annual rate of inflation based on all India Wholesale Price Index (WPI) numbers is 0.53 per cent (Provisional) for March 2024 (over March 2023), showed […]
Finance
News
India’s Bank Credit Growth Seen At 14-14.5% In FY25
- by BW Retail World Bureau
- March 30, 2024
CareEdge Ratings estimates bank credit growth in India to be in the range of 14-14.5 per cent in financial year 2024-25. In current financial year 2023-24, credit offtake is anticipated to close with a growth of around 16 per cent excluding the HDFC merger. According to the rating agency, the effect of the HDFC merger […]
Economy
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Morgan Stanley Upgrades India’s FY25 GDP Growth Forecast To 6.8%, Citing Economic Strength
- by BW Retail World Bureau
- March 28, 2024
After S&P Global, Morgan Stanley has revised its GDP growth forecast upwards for the financial year 2024-25 (FY25) to 6.8 per cent, up from its previous estimate of 6.5 per cent. The firm also revised its growth forecast for the ongoing financial year, FY24, to 7.9 per cent. The revised projections come in the wake […]
Feature
National
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Retail
Inflation Within Target, But Above Ideal: Experts See Further Downward Trend In FY25
- by BW Retail World Bureau
- March 13, 2024
Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month. It was at a four-month high of 5.69 per cent in December. The retail inflation in India, though within RBI’s 2-6 per cent comfort level, is above the ideal 4 per cent scenario. The latest […]
Economy
National
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India’s GDP Growth Surges To 8.4% In Q3, FY24 Forecast Pegged At 7.6%
- by Sangeet Kumar Sanu
- March 1, 2024
India’s GDP grew at a massive 8.4 per cent during the October-December quarter of the current financial year 2023-24 and the country continued to remain the fastest-growing major economy. The Indian economy grew 7.8 per cent and 7.6 per cent during the preceding two quarters – April-June and July-September, data released by the Ministry of […]
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Government
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India Inflation Cools, Repo Rate Cuts Possible Later This Year: Morgan Stanley
- by BW Retail World Bureau
- February 22, 2024
Morgan Stanley expects the Reserve Bank of India to start cutting rates from June 2024, with both retail and wholesale inflation figures remaining at a manageable level. The Monetary Policy Committee of the RBI in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo […]
Feature
Finance
National
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Retail
India Retail Inflation Eases But Remains Above Ideal 4% Level, Experts Analyse Prospects
- by BW Retail World Bureau
- February 14, 2024
Retail inflation in India eased in January to 5.10 per cent on an annual basis compared to a four-month high of 5.69 per cent in December. Inflation rates in rural and urban areas, respectively, stood at 5.34 per cent and 4.92 per cent, down from 5.93 per cent and 5.46 per cent, reported in the […]
Consumer
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RBI Projects 7% GDP Growth For India In FY24-25
- by BW Retail World Bureau
- February 8, 2024
The Reserve Bank of India (RBI), while maintaining the status quo in the repo rate, pegged India’s GDP growth for the next financial year 2024-25 (April-March) at 7 per cent. Quarter-wise, 7.2 per cent growth is seen in Q1, 6.8 in Q2, 7.0 in Q3, and 6.9 in Q4, respectively. RBI said that risks are […]
Manufacturing
National
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India Manufacturing PMI Rises To 56.5 In January
- by BW Retail World Bureau
- February 2, 2024
India Manufacturing Purchasing Managers’ Index (INPMI), climbed to 56.5, up from an 18-month low of 54.9 in December, according to HSBC India Manufacturing Purchasing Managers’ Index compiled by S&P Global. India’s manufacturing industry had significant progress at the start of 2024, achieving its quickest expansion in four months in January. Although the final reading was […]