INSUBCONTINENT EXCLUSIVE:
Against 4.28% in April this year, the consumer inflation stood at 2.99% in April 2017
Annual consumer price
inflation (CPI) accelerated to 4.58 per cent in April, the government data showed on Monday
The rise in consumer inflation is incongruous to the easing of inflation for three months in a row until March when it had eased to 4.28 per
cent, driven by lower food prices
a 2.47 per cent rise in March, as revealed by the government data released on Monday
The government data, on Monday, also highlighted that annual wholesale price inflation (WPI) of last month that accelerated, was facilitated
by higher fuel and food product prices
Wholesale food prices in April rose 0.67 per cent year-on-year, compared with a fall of 0.07 per cent a month earlier, data showed."The
risk that Asia's third-largest economy faces is rising crude oil prices, which hit $78 a barrel last week, their highest since November
2014 following prospects of new United States sanctions on Iran
India meets 80 percent of its oil needs from imports.An increase in oil price of $10 a barrel could quicken inflation by about 1 percentage
point and reduce economic growth by 0.2 to 0.3 percentage points, a senior finance ministry official told Reuters, before the release of the
The International Monetary Fund (IMF), however, expects the economic growth could rebound to 7.4 percent in fiscal year 2018/19 beginning
April, from an estimated 6.6 percent in the previous fiscal year.At the same time, India's industrial output growth released on Friday
slowed to a 5-month low of 4.4 per cent in March, dragged down by smaller increases in mining, but the Reserve Bank of India (RBI) is
expected to hold interest rates in its next policy meeting amid growing inflation concerns
The Reserve Bank of India, which is due to hold its next policy meeting on June 6, is widely expected to hold rates after having kept policy
rates unchanged for the fourth straight meeting in April.Economists surveyed by Reuters had forecast 5.9 per cent growth in output compared
with a downward revised 7.0 per cent annual increase in February
Annual output growth was 4.3 per cent during the fiscal year that ended in March 2018, lower than 4.6 per cent in the previous year, data
Karnataka log on to TheIndianSubcontinent.com
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