gdp growth economy economic

The forward-looking policy bias might create room to lower rates in early 2025

India's economy: Extended tight monetary policy may curb growth further

Business Standard

One minus is that aggregate private sector capex participation will lag, barring few sectoral pockets

India's Q3 GDP numbers: Testing growth guardrails

As the August monetary policy review approaches, there is a near-unanimity that another interest rate cut is not on the cards. Worries over a weak monsoon, direction of commodity prices, the government's reform measures and external developments will keep the Reserve Bank of India (RBI) cautious.While the central bank closely watches consumer price index (CPI) trends, there is a renewed debate over whether it is prudent to be solely over-reliant on the most representative inflation indicator, the CPI. This dilemma stems from the divergence in the CPI-based inflation, wholesale price index (WPI) and gross domestic product (GDP) deflator over the past two-three quarters.All three indices have eased from last year's levels, with CPI-based inflation bouncing off lows to above five per cent year-on-year (y-o-y) in June. By contrast, WPI-based inflation has been in negative for eight successive months while the GDP deflator fell to a fresh low at 0.2 per cent y-o-y in the March 2015 quarter

Inflation debate will not deter price stability goal

Radhika Rao

With a majority of RBI's pre-conditions fulfilled, the central bank has little justification to hike rates on Jan 28

Radhika Rao

Radhika Rao

Radhika Rao

India's economy: Extended tight monetary policy may curb growth further

India's Q3 GDP numbers: Testing growth guardrails

Inflation debate will not deter price stability goal

RBI to pause, but not abandon caution