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RBI’s Interest Rate Cut Debate Heats Up Amid Rising Inflation Concerns

With calls from Union Minister Piyush Goyal and Finance Minister Nirmala Sitharaman for an interest rate cut, questions are now swirling about whether the Reserve Bank of India (RBI) will heed these appeals in its upcoming monetary policy committee meeting next month. However, one critical issue has sparked debate—whether retail inflation should be the basis […]

Will India Witness Lower Interest Rates? Finance Minister Sparks Fresh Debate

Government Pushes for Rate Cuts Ahead of RBI’s Key Meeting As the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) gears up for its next meeting, a new wave of pressure has mounted on the central bank to lower interest rates. In a move that has reignited discussions about easing borrowing costs, Finance Minister […]

India Leading Asia’s Next Growth Wave

As the global economic landscape continues to shift, Asia stands on the brink of a new growth phase, with India emerging as a critical driver. A recent report by Morgan Stanley highlights how India, alongside emerging Southeast Asian economies like Indonesia, the Philippines, and Malaysia, will lead Asia’s next wave of economic growth. This article […]

Retail Inflation Hits 6.2% in October 2024: Diminished Hopes for Repo Rate Cut in December

India’s retail inflation rate reached 6.2% in October 2024, marking a significant increase that poses challenges for both consumers and policymakers. As food and energy prices continued to rise, the inflation rate breached the Reserve Bank of India’s (RBI) upper tolerance limit of 6% for the third consecutive month, putting pressure on the central bank’s […]

India Emerges as Global Economic Powerhouse with Strong Growth Projections

India’s economy is poised for remarkable growth, with forecasts from leading global financial institutions signaling its robust recovery and sustained momentum in the coming years. Despite external challenges, the nation’s domestic demand, stable inflation, and strategic government policies are driving optimism across the board. IMF Predicts Steady Growth for India The International Monetary Fund (IMF) […]

Rising Business Confidence Signals Optimism for India’s Economic Growth

Positive Trends Highlighted in Latest CII Survey Business confidence has seen a notable increase in the June to September quarter of this fiscal year, driven by reassurances of policy continuity following elections and an optimistic outlook on business prospects. According to the Confederation of Indian Industry (CII), this sentiment is based on a survey conducted […]

Crude Oil Prices Dip: Are Cheaper Petrol and Diesel on the Horizon?

Retail Fuel Prices May Drop as Margins Improve A recent decline in crude oil prices is creating an opportunity for state-owned oil marketing companies (OMCs) in India to reduce petrol and diesel prices by Rs 2-3 per litre. According to the rating agency ICRA, the average price of crude oil India imports fell to USD […]

India’s Economic Outlook Brightens: Moody’s Boosts Growth Forecast to 7.1% for 2024

Forecast Revision Signals Positive Trends in Domestic Demand and Investment Moody’s has raised its growth forecast for India in calendar year 2024 to 7.1%, an increase from its previous estimate of 6.8% made in June. This upward revision highlights India’s potential to outpace the global economy and reflects a broader trend in the Asia-Pacific region. […]

India’s Direct Tax Collections Soar: A 16% Surge Highlights Economic Resilience

Robust Growth Driven by Increased Advance Tax Payments India’s direct tax collection has witnessed a significant boost this fiscal year, soaring by 16.12% to over Rs 9.95 trillion, fueled primarily by a substantial rise in advance tax payments. As of September 17, the government has reported a remarkable uptick in both personal income tax and […]

India’s Wholesale Inflation Hits Four-Month Low in August Amid Declining Fuel Prices

Inflation Rate Drops to 1.31% as Food Prices Stabilize In August, India’s wholesale inflation fell to its lowest point in four months, registering at 1.31% on an annual basis. This marks a decrease from 2.04% in July, driven by a significant drop in fuel prices and a moderation in the rise of food prices. Fuel […]

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