Softer core inflation may help RBI inch closer to target, say economists
India’s headline retail inflation rate decelerated to a three-month low of 5.10 percent in January.
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India’s headline retail inflation rate decelerated to a three-month low of 5.10 percent in January.
RBI Interest Rates: This is the sixth consecutive pause in the last one year. Since the April monetary policy in 2023, the RBI has kept the repo rate unchanged at 6.5 percent, after raising it by 250 basis points (bps) since May 2022
The Moneycontrol Policy Next summit on January 18 will explore what more can be done at the policy level to achieve the country’s vision of a ‘$10 trillion economy,’ with leading voices across fields putting forth their opinions.
Das was speaking at World Economic Forum Annual Meeting 2024 at Davos.
In April-November 2023, India's industry - as measured by the Index of Industrial Production - grew by 6.4 percent as against 5.6 percent in the first eight months of 2022-23.