India’s annual wholesale price index-based inflation accelerated to a record high of 14.23 per cent in November due to a sharp increase in manufacturing costs and food prices. The sharp rise in WPI inflation could become a major reason for concern as it could ultimately lead to a sharp rise in retail prices of goods…
Asharp rebound in economic activity strengthened India’s gross domestic product (GDP) growth in the second quarter of the year, but rising inflation could disrupt the recovery. Data suggests that inflation is gradually rising in the country, though it remains within the Reserve Bank of India’s (RBI) target of 2-6…
At Agenda Aaj Tak in New Delhi on Friday, Rajeev Chandrasekhar, Union Minister of State for Electronics and IT, Skill Development & Entrepreneurship, and Congress MP Manish Tewari fought it out over the issue of inflation. Excerpts from the session ‘Mehangai Ka Mudda’. Q: Have you ever gone out to buy tomatoes?…
Activity in India’s dominant services sector continued to grow at a robust pace last month supported by a strong recovery in domestic demand, a private survey showed, but elevated price pressures remained a major concern. Asia’s third-largest economy expanded at the fastest pace among major economies last…
Indian shares rebounded on Friday, helped by IT stocks and Tata Steel, while investors also focused on more Nifty 50 company earnings and retail inflation reading for October due later in the day. The blue chip NSE Nifty 50 index rose 0.60% to 17,981.50 and the benchmark S&P BSE Sensex rose 0.59% to…
Inflation continues to hit fuel prices in India amid rising crude oil prices on the international market. Today, the price of petrol, which has crossed the Rs 100-mark across the country, has put a dent in the pockets of the public. On October 11, 2021, petrol is being sold above Rs 100 per litre in most states of…
Indian shares inched lower on Monday, dragged by heavyweight Reliance Industries after the conglomerate delayed the launch of a low-cost smartphone it is developing with Google, with investors awaiting key inflation data due later in the day The blue-chip NSE Nifty 50 index was down 0.22% at 17,335.35 by 9:18 am, while…
The release of the minutes of the Monetary Policy Committee shows that at least two members are very worried about inflation.Jayant Verma a vocal external member of the MPC writes: “Indian inflation rates have been consistently well above the midpoint of the tolerance zone for an extended period and are forecast to…
The monetary policy committee must be watchful of inflation expectations getting entrenched if prices remain elevated for too long, as it could undermine its hard-earned credibility in efficient inflation targeting, MPC member Jayant Varma wrote in the June meeting minutes published on Friday. “To maintain and…