The Indian economy closed the just-concluded financial year 2023-24 strongly with its growth surpassing market expectations, despite strong external headwinds, the monthly economic review of the Department of Economic Affairs under the Ministry of Finance said.
India's wholesale inflation rose to a 13-month high of 1.26 per cent in April 2024 (-0.8 per cent in April 2023) from 0.5 per cent in March 2024, led by fuel, food and core items, official data from the commerce ministry showed on Tuesday
To achieve its developmental goals over the next three decades, the Indian economy must grow at a rate of 8-10 per annum over the next decade to reap the demographic dividend that started accruing from 2018 and, as calculations show, will last till 2055, according to an article in the Reserv
Morgan Stanley is firm on India's growth outlook given the support it is getting from the domestic demand. Citing high-frequency data, the global investment banking firm said it remains constructive on the growth outlook.
Inflation continues to remain the main concern for the Reserve Bank of India's monetary policy committee members before it goes ahead and loosens its stance on key interest rates.
Pressure in food prices has been interrupting the ongoing disinflation process in India, and posing challenges for the final descent of inflation trajectory to the 4 per cent target, as per minutes of RBI's monetary policy meeting that was held earlier this month.
Indian stock indices started Tuesday's trade in the green and hit their fresh highs, extending positive momentum from gains from the previous session and last week, the first week of the new financial year that started on April 1.
Indian stock indices started Monday's trade in the green and hit their fresh highs, extending positive momentum from gains it recorded in the first week of the new financial year that started on April 1.
Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the second month after remaining in the negative zone for the seventh straight month until October.