Citigroup economists said in a research note last week that they expect mild reflation in 2024, and forecast annual CPI inflation at 1.2 per cent year-on-year
The management also pointed out that India saw a gradual recovery in the market, with growth led by urban areas, while rural areas continued to remain subdued
Will the rebranding help Air India fly higher? Why is India's tendering process broken? What will guide markets this week? What is deflation? All answers here
The consumer price index was unchanged last month from a year earlier - the weakest rate since prices fell in February 2021, according to data released by the National Bureau of Statistics on Monday
The consumer price index (CPI) in April rose 0.1% year-on-year, the lowest rate since February 2021, and cooling from the 0.7% annual gain seen in March, the National Bureau of Statistics (NBS) said
Last week, the government raised its market borrowing programme by a whopping 54 per cent of the Budget estimate to Rs 12 trillion for the current fiscal to fund a comprehensive stimulus package
Central banks throughout developed world have been overwhelmed by fear of deflation. They shouldn't be: The fear is unfounded, and the obsession with it is damaging