Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices. The inflation index for rural and urban was 4.72 per cent and 4.96 per cent, respectively. Back in May, the retail inflation was at 4.25 per cent, hitting a two-year low. […]
Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices. The inflation index for rural and urban was 4.72 per cent and 4.96 per cent, respectively. Back in May, the retail inflation was at 4.25 per cent, hitting a two-year low. It […]
The Reserve Bank of India (RBI) has lowered India’s inflation projection for 2023-24 to 5.1 per cent against its April estimate of 5.2 per cent. On a quarterly basis, retail inflation (or Consumer Price Index) in Q1 is seen at 4.6 per cent, Q2 at 5.2 per cent, Q3 at 5.4 per cent, and Q4 […]
The Reserve Bank of India (RBI) announced that it would withdraw the Rs 2000 denomination banknotes from circulation. Just like before this news created a wave of panic and confusion among the public and it’s causing people to rush to banks and ATMs in an attempt to exchange or deposit their high-value currency. People are […]
India’s retail inflation dropped to 5.66 per cent in March against the previous month’s 6.44 per cent, official data showed on Wednesday. According to the data released by the Ministry of Statistics and Programme Implementation, rural inflation stood at 5.51 per cent while urban inflation was at 5.89 per cent in March. In February this […]
Union Minister for Commerce and Industry Piyush Goyal while unveiling Foreign Trade Policy 2023 on Friday expressed confidence in India touching exports worth USD 2 trillion by 2030. “By 2030, we will export USD 2 trillion in services and merchandise. All embassies will help exporters in exports,” he said. The Directorate General of Foreign Trade […]
The Reserve Bank of India, in its monthly bulletin on Tuesday, noted that consumer price inflation (or retail inflation) in India remained high while core inflation defied to reflect the softening of various input costs. “Consumer price inflation remains high and core inflation continues to defy the distinct softening of input costs,” RBI said in […]
The Union Budget’s measures, if executed, could leverage potential growth from 6 per cent estimated by the IMF in 2022-24 to 6.8 per cent, stated the ‘State of the Economy’ report published by the Reserve Bank of India (RBI).The report authored by RBI deputy governor Michael Patra and other staff at the central bank, further […]
Retail inflation in India again breached RBI’s upper tolerance band in the month of January 2023, with the Consumer Price Index pegged at 6.52 per cent, government data released on Monday showed. The retail inflation in rural and urban India was 6.85 per cent and 6.00 per cent, respectively. Among groups, cereals and products, eggs, […]
