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.
Food price inflation rose to 11.5% in July, its highest in more than 3-1/2 years, while India is set to receive its sparsest monsoon rains in eight years.
The ‘Mood of the Nation’ survey said Modi is far ahead of Rahul Gandhi with a 36-point lead as the candidate best-suited to be the next prime minister if elections are held now.
While the CBI has built its reputation as a premier crime investigation agency by cracking high profile cases, many other cases have remained unresolved or resulted in acquittals.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
COMMENTS