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.
Congress MP Manish Tewari said, "It is a 'vote-on-account' budget which has only one purpose to keep the government solvent for the first quarter of the current fiscal year."
The annual rate of inflation based on the all India Wholesale Price Index (WPI) for December rose to 0.73 per cent, a nine-month high, according to government data on Monday.
The recent surge in inflation, charac- terised by supply chain disruptions, pent-up demand, and geopolitical events, prompts us to re-evaluate con- ventional wisdom on inflation management.
According to MoSPI data, the highest inflation was recorded in the food and beverages category at 8.70 per cent.
Inflation in the US rose more than expected in December thanks to a jump in energy and housing costs, underscoring the challenge of taming price pressures within the economy, reports said.
