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Get latest articles and stories on India at LatestLY. The CEA said that demand conditions are favourable, reflected in healthy passenger vehicle sales, domestic air passenger traffic, and a buoyant construction sector India News | Global Agencies Will Reassess GDP Estimates About India: Chief Economic Advisor Nageswaran.
Markets may not be too enthused by the GDP boost since growth seems to have come on the back of base revision, and net tax collection growth without the supporting GVA gain
In February monetary policy, the RBI retained the key interest rate at 6.5 percent
Trends in the GIFT Nifty indicate a positive start for the broader index in India, with a gain of 52.50 points or 0.24 percent.
Retail inflation in India eased to 5.10% in January, down from 5.69% in December. Inflation rates in rural and urban areas also decreased. While the retail inflation is within the RBI's comfort level, it remains above the ideal 4% scenario. Analysts believe that the RBI may hold interest rates steady until at least the June policy review, but if the trajectory persists, rate cuts may be implemented. The arrival of early harvest and a favorable base effect are expected to alleviate price pressures.