inflation

February 7, 2025 11:46 AM

RBI projects 6.7% GDP growth for FY26; inflation in FY25 to remain at 4.8%

The Reserve Bank of India (RBI) has projected a real GDP growth of 6.4% for FY25, with expectations of economic activity picking up in the second half of the fiscal year. This growth is anticipated to be driven by improvements in agriculture and manufacturing sectors. RBI Governor Sanjay Malhotra, while announcing the outcome of the Monetary Policy Committee (MPC) meeting, stated that for FY26, GDP growth is estimated at 6.7%. The quarterly projections for FY26 are as follows: Q1 FY26: 6.7%, Q2...

February 3, 2025 5:22 PM

Inflation eases, growth picks up, Crisil’s economic forecast for FY26

India’s economy is poised to grow at 6.5 percent in the financial year 2025-26 (FY26), slightly surpassing the 6.4 percent growth forecast for the current fiscal year, according to a recent report by Crisil. The report underscores that a combination of lower inflation and anticipated rate cuts by the Reserve Bank of India (RBI) will support economic growth, assuming there are no major global shocks and the country experiences a normal monsoon. "Lower inflation and the RBI's rate cuts are exp...

January 14, 2025 12:47 PM

India’s GDP growth likely to reach 6.7% next fiscal: Crisil

India’s gross domestic product (GDP) growth is projected to improve to 6.7% in the next fiscal year (FY25), according to a Crisil Intelligence report. The report noted that a sustained decline in food inflation, combined with stable non-food inflation, could create room for a rate cut by the Reserve Bank of India (RBI) in the coming months. Headline inflation is steadily progressing toward the RBI's 4% target, as food inflation eased for the second consecutive month and non-food inflation rem...

January 7, 2025 2:33 PM

India to clock faster GDP growth for Oct-Dec, inflation easing: HSBC research

India’s GDP growth momentum has improved in the October-December quarter of the current financial year (FY25), with inflation easing, according to an HSBC Research report released on Tuesday. “GDP growth came in at a disappointing 5.4% in the quarter ending September. Our analysis of 100 activity indicators suggests that the growth momentum has improved in the quarter ending December,” the report said. As many as 65% of the indicators are growing at a positive pace in the December quarte...

January 6, 2025 12:43 PM

Goldman Sachs sees India among top emerging markets in 2025

Goldman Sachs has projected India to be among the best-performing emerging markets in 2025, citing the country’s robust macroeconomic stability backed by improving terms of trade, effective inflation targeting, and reliable domestic risk capital. The global investment bank has forecast earnings growth of 18-20 per cent annually over the next 4-5 years, driven by an emerging private capex cycle, corporate balance sheet re-leveraging, and a structural rise in discretionary consumption. These f...

December 26, 2024 12:01 PM

India projected to witness 6.5 per cent real GDP growth in current, next fiscal: report

India is projected to witness 6.5 per cent real GDP growth in the current and next fiscal (FY25 and FY26), according to a report on Wednesday. This aligns with expectations, given the resilient economy and strong fundamentals. The latest 'EY Economy Watch December 2024' report estimated that by combining the real GDP growth of the first two quarters of FY25, at 6.7 per cent and 5.4 per cent, respectively, with the RBI's revised growth estimates for the third and fourth quarters of FY25, at 6.8 ...

December 23, 2024 4:43 PM

Inflation burden eases for farm and rural labourers

The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) for November this year declined to 5.35 per cent and 5.47 per cent respectively, compared to 7.37 per cent and 7.13 per cent in the same month last year, according to figures released by the Ministry of Labour and Employment on Monday. The inflation for agricultural and rural labourers for November was also lower than the corresponding figures for October 2024 at 5.96 per cent for CPI-AL and 6.00...

December 4, 2024 12:52 PM

RBI MPC meet begins, focus on inflation control

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day meeting on Wednesday, chaired by Governor Shaktikanta Das. The discussions will conclude on December 6, with the policy decisions scheduled to be announced on the same day. The committee is expected to maintain the current repo rate at 6.5 percent, which has remained unchanged for the last nine meetings and the status quo may continue for some more time, as an immediate rate cut may not be easy for the MPC to ...

December 2, 2024 9:07 PM

India’s manufacturing PMI dips to 56.5 in November but remains in expansion zone

India's manufacturing sector showcased resilience in November despite mounting cost pressures and fierce competition. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) stood at 56.5, slipping from October's 57.5 and matching an 11-month low. However, the PMI remained well above the 50-mark threshold, signaling continued expansion in the sector. A robust demand environment drove growth in sales and output, but escalating costs and competitive pressures tempered th...

October 14, 2024 8:22 PM

Retail inflation rises to 5.49% in September, driven by food prices

India’s Consumer Price Index (CPI)-based inflation rose to 5.49% in September, up from 3.65% in August, reflecting a sharp increase driven primarily by rising food prices. Rural inflation stood at 5.87%, while urban inflation was recorded at 5.05%, highlighting continued price pressures across regions. The Consumer Food Price Index (CFPI) surged to 9.24% in September, with urban food inflation at 9.56% and rural food inflation at 9.08%. The rise was attributed to elevated prices across severa...