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India's retail inflation likely marched higher in November : Rashtra News India's retail inflation likely accelerated last month towards the upper limit of the central bank's target range as fruit and vegetable prices climbed, a Reuters poll found. The Reserve Bank of India left interest rates on hold on Wednesday, as predicted by another Reuters
Core inflation, which excludes food, and fuel and light groups, is expected to continue its downward trajectory and may come in below the 4%-mark for the fourth consecutive month.
India's third-quarter gross domestic product , which rose by a stronger-than-expected 8.4% compared to a year ago, may be overstating growth, economists said, pointing to a more modest increase in... -March 29, 2024 at 10:27 pm EST - MarketScreener
In Q3FY24, the Indian economy outperformed expectations, growing at 8.4%, surpassing the predicted 6.6% rate. However, a significant divergence between GDP and Gross Value Added (GVA) raised concerns, with GVA growth at 6.5%. Economists caution that the high GDP may not reflect balanced growth, citing a decline in agriculture, uneven private consumption, and increased reliance on public capex.
RBI MPC: India's policymakers see a 'Goldilocks scenario' with a 4.5% inflation and 7% growth forecast for FY25, suggesting a balanced economy. The Reserve Bank of India's Monetary Policy Committee agrees on the need for caution amid uncertainties. While optimistic about growth, economists urge vigilance due to global headwinds. Nomura expects a cumulative 100 bps rate cut, while others predict a pause until H1FY25.