As the poverty rates in the country declined below 5 per cent in 2024, a research study by State Bank of India (SBI) also highlighted that the extreme poverty in the country has reduced to minimal.
Reserve Bank is expected to cut repo rates in February 2025 and such a decision, it at all taken, is unlikely to be impacted by rupee's weakness against the dollar, asserted SBI Research in a report.
The interest rate cut by Reserve Bank of India (RBI) is unlikely in February due to the persistent inflation, SBI Research stated in its latest report, adding that a slight easing in inflation is expected starting in January.
The report adds that domestic economy is showing robust growth with supply chain sector showing robust growth, e-way bill generation--a key indicator of freight movement and economic activity--reached a record 117.25 million in October. This marks a 17 per cent increase year-on-year, reflect
The soaring figures of retail inflation in September could force the Reserve Bank of India (RBI) to continue with neutral stance for a longer duration, stated SBI research, adding that "first rate cut could be based on growth, and need not be inflation."
"Interestingly the yearly gap between credit and deposit growth has narrowed down to 150 bps during the latest fortnight which is lowest since 6 May'22. This indicates that deposit growth will soon outweigh credit growth." said the report.
The administrative work to hold the long-delayed countrywide census is underway. The last decadal census was conducted in 2011 and the latest was due in 2021. The 2021 census exercise was delayed citing the then-COVID-19 pandemic and has been on hold since then. The Census provides key socio
In light of the recent 50 basis points (bps) rate cut by the US Federal Reserve, the Reserve Bank of India (RBI) may consider a similar move, potentially announcing a rate cut by February 2025, according to a report by SBI Research.
Indian economy is expected to grow at 7.0-7.1 per cent in the April-June period, the first quarter of 2024-25, SBI Research said in a report, days before the government would release official data. As a caveat, its growth forecast comes with a downward bias.
The SBI's latest report highlights that the once-dominant "Follow the Fed" mantra appears to be waning, with an increasing number of central banks prioritizing domestic economic conditions over synchronizing with U.S. rate decisions, signalling a shift in global monetary policy dynamics.