Robust capital expenditure by the government and improvement in business confidence will push the country’s economic growth in 2024-25, an official said on Tuesday. Chief Economic Adviser in the Ministry of Rural Development Kuntal Sensarma said that the focus areas in 2024-25 should be infrastructure growth, inclusive development and harnessing demographic dividend, among others. “The … Read more
India’s retail and wholesale inflation will probably accelerate during the second half of this year, according to economists surveyed by Bloomberg. The wholesale price index is expected to continue to grow in double-digits, at 10.71% from a year during the July-September quarter, up from the previous forecast of 10.12%, before slowing to 9.13% in the … Read more
Mumbai: India risks sacrificing economic growth and exposes itself to the need for constant policy interventions if it targets an inflation rate below 6% — the threshold inflation level, hints a study headed by a former member of the Reserve Bank of India’s Monetary Policy Committee. If the country then chooses an inflation target that … Read more
Former RBI Deputy Governor Rakesh Mohan on Monday pitched for changing the central bank’s inflation target band of 2-6 per cent, saying inflation will not take off as long as the government is doing proper macroeconomic management. Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 … Read more