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Retail inflation stood at 4.31 per per cent (revised upward from 4.25 per cent) in May and 7 per cent in June 2022. The previous high CPI was in March at 5.66 per cent.
India's economic growth rate slowed down to 4.4 per cent in the third quarter of the current financial year (Q3 FY23), showed official figures that were released on Tuesday. In the previous quarter ended September 2022, the GDP growth rate was 6.3 per cent. -- aaa
India Ratings said it expects private final consumption expenditure (PFCE) to grow 6.7% in FY24 but will be short of a broad-based recovery.
Analysts are blaming the shortfall on advance tax outflow and tepid spending by the government amid robust tax collections
In India, state-owned oil retailers are preparing to raise fuel prices next week once the state elections are over