Based on inflation figures for the last three months, RBI is expected to look for confirmatory evidence that can mark the beginning of a sustained decline in core inflation.
While alignment with the inflation target is gradually occurring, incoming data will provide greater clarity and confidence on the disinflation path, the RBI said.
Restrictive interest rates expected to weigh on demand, regulatory actions aimed at controlling unsecured lending, & lower fiscal deficit to contribute to the moderation, says report.
Apart from these factors, in the new year, food prices will continue to be vulnerable to global uncertainties & weather events, while household borrowings from banks will remain steady.
Reuters had estimated the wholesale price index for September would rise 0.5%. It fell 0.52% in August. Last week, data showed India’s retail inflation eased to 3-month low in September.
After a 7.8% expansion last quarter, economic growth was expected to moderate to 6.4% this quarter and then drop to 6.0% innext quarter before slowing to 5.5% in early 2024.
Is there a place for a counter-bureaucracy, or a separate and competing bureaucracy to counterbalance the force of the executive’s bureaucracy, asked author MH Mody in 1980.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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