Lower middle-class and rural consumers are cutting discretionary spending, choosing cheaper local products and buying less to stretch the rupee as much as they can.
Latest Annual Survey of Industries 2022-23 shows large segments of India’s manufacturing workforce are employed in low-productivity work, value added per worker has contracted.
Israel-Iran conflict, along with outlook on inflation & growth in an uncertain global environment will be key areas of concerns for new members of the reconstituted committee.
According to SBI research, inflation is projected to remain below or close to 5% in coming months. For the full FY25, it is likely to average to 4.6-4.7%.
Four out of six members vote to maintain repo rate while two vote for 25 basis point reduction. RBI governor cites rise in headline inflation in June, primarily driven by food component.
Global media also reported on IMF's upgraded growth forecast due to robust rural consumer spending, and Air India's market share being at its highest in three years.
ThePrint spoke to several prominent economists on whether RBI’s current interest rate policy is adversely impacting growth or if watching inflation should be the way forward.
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.
Diwali shopping this year will provide an insight into how well households are holding up their consumption.