India has demonstrated a largely successful inflation-targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report by the State Bank of India (SBI).
Indian stock indices closed Wednesday trade in the red, dragged by a broad-based fall virtually in all the sectoral indices, particularly the media, metal, PSU bank, realty, oil and gas. Profit booking at higher levels also dampened investors sentiment, said analysts.
The Peshawar district administration in Pakistan's Khyber Pakhtunkhwa has recently implemented a significant price increase for essential dairy products
Indian stock indices rose substantially on Monday, defying a sharp downturn in the overnight US markets, possibly due to inherent strength in domestic market fundamentals.
A rise in reservoir levels, coupled with improved sowing of kharif crops are expected to keep the supply-side concerns at bay for some time, the report prepared by the lender's research team said on Friday.
The softening of retail inflation has started reflecting in the food plates, as the cost of both vegetarian and non-vegetarian thalis (full meals) saw a notable drop in August 2024 compared to the same time last year and the previous month, CRISIL MI&A Research noted in its latest report
RBI Governor Shaktikanta Das stated that the rural demand of the Indian economy has picked up as the private consumption and investment expanded in the latest quarter GDP numbers.
On the 65th establishment day of Indian Oil, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri stated that when the entire world suffered 40-70 per cent fuel inflation in the last three years, Indian Oil kept Indian citizens insulated from soaring global fuel prices.