Wholesale inflation quickens to 2.37% in December
Biggest jump was observed for primary articles inflation as it touched to 6.02 per cent, from 5.49 per cent in November.
Economy
Inflation falls in December. Rate cut hopes brighten in February
Prices of cereals rose by 6.5% from a 6.88% increase in November, while those of pulses rose 3.83% compared to a 5.41% growth in the same period.
December retail inflation eases to 5.22%, food inflation at 8.39%
Among key categories, vegetable inflation dropped to 26.56% from 29.33%, pulses inflation moderated to 3.83% from 5.41%, and fuel and light inflation improved to -1.39% from -1.83%.
November IIP jumps to 6-month high of 5.2%
India’s industrial growth surged to a six-month high of 5.2% in November, up from 3.7% in October, according to data
Are GDP Advance Estimates Indicating a Deeper Slowdown?
According to a report by Bank of America Global Research, the projected GDP growth rate represents the slowest pace since the pandemic, effectively reversing gains made during the recovery. This deceleration is likely to impact consumer confidence, wage growth, corporate revenues, investment, credit demand, and fiscal calculations.
India’s GDP Growth Projected at Four-Year Low of 6.4% for FY25 : Govt’s Advance Estimates
India’s GDP growth is expected to dip to 6.4% in FY25, marking its lowest level in four years, as per
SBI survey snows rural poverty decline
Overall, poverty levels now stand in the range of 4-4.5%. The sharp decline in rural poverty ratio is on account of higher consumption growth in lowest 0-5% decile with significant Government support, the survey said.
Former PM Manmohan Singh cremated with full state honour
Manmohan Singh ia credited with kicking off the reforms era in Indian economy back in 1991
Too little, too distant! India rejects USD 300 bn climate finance package for Global South
India on Sunday rejected the new climate finance package of a meagre USD 300 billion annually by 2035 for the
CPI inflation bounce back to 6.2 % in October
Subdued global commodity prices amid concerns over global demand should further aid in moderation of the headline inflation going ahead. In October, global commodity price index declined by 4.3% YoY, while Brent crude prices fell by 15% YoY. However, it is crucial to monitor geopolitical developments closely, as these could significantly influence global commodity markets and supply chains.