Federal Reserve Governor Christopher Waller suggested on Thursday that easing inflation could allow the U.S. central bank to cut interest rates sooner than anticipated, fueling optimism about economic growth and energy demand. This sentiment contrasts with earlier market bets on a slower pace of rate adjustments.
Biggest jump was observed for primary articles inflation as it touched to 6.02 per cent, from 5.49 per cent in November.
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.
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%.
India’s industrial growth surged to a six-month high of 5.2% in November, up from 3.7% in October, according to data
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 is expected to dip to 6.4% in FY25, marking its lowest level in four years, as per
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.
Manmohan Singh ia credited with kicking off the reforms era in Indian economy back in 1991
India on Sunday rejected the new climate finance package of a meagre USD 300 billion annually by 2035 for the