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India is seen growing 8.2 percent in 2023-24 thanks to the manufacturing and mining sector. However, farm sector GVA is seen slowing down to 1.4 percent in FY24 against 4.7 percent in 2022-23.
India's headline retail inflation stayed largely unchanged at 4.83 percent in April
For 2023-24 as a whole, economists think the statistics ministry may show GDP growth at 7.7-7.8%, higher than the second advance estimate.
Electoral discourse has witnessed a high decibel campaign between political parties with narratives ranging from the idea of wealth redistribution, a Nyay patra, guarantees, corruption under UPA among others.
The six-member Monetary Policy Committee of the RBI will meet from June 5 to 7 to decide on interest rates.