Middle-class woes
The Indian middle class, often hailed as the backbone of the nation’s economy, is at a critical juncture.
The Indian middle class, often hailed as the backbone of the nation’s economy, is at a critical juncture.
The retail inflation, measured by the Consumer Price Index (CPI) in November, fell from a 14-month high of 6.21% in October.
Healthy farm incomes should provide support to rural incomes next fiscal (FY26) and lower inflation and scope for reduced interest rates should improve purchasing power for discretionary spending in India, a report showed on Wednesday.
The US Federal Reserve’s decision to lower its benchmark interest rate to a range of 4.25-4.50 per cent marks a turning point in its monetary policy.
The annual rate of inflation based on the all-India wholesale price index (WPI) number is 1.89% (provisional) for the month of November, data released by the government said on Monday.
The slowing inflation marks a reversal of the increasing trend in the previous two months when the inflation rate touched 6.21 per cent in October.
India's retail inflation in November was recorded at 5.48%, compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation said.
The three-day Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting began on Wednesday, as the central bank seeks to balance fostering economic growth with managing inflation.
India's retail inflation jumped in October 6.21 per cent, a 14-month high, driven by elevated food inflation in a few vegetables.
BJP state media in-charge Karan Nanda on Saturday said that under the Congress rule in Himachal Pradesh, inflation is rampant and has burdened the people of the state.
