Gross Domestic Product
• Real gross domestic product for Q1FY24 noted a growth of 7.8% on a year-on-year basis, as compared to 13.1% in Q1FY23.
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.Monetary Policy
• In the Fourth Bi-monthly Monetary Policy for FY24, the MPC unanimously decided to maintain status quo on policy rates. Consequently, key policy rates stand unchanged: Repo rate at 6.50%, Standing Deposit Facility rate at 6.25% and Marginal Standing Facility and Bank rate at 6.75%.
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.Consumer Price Index
• Consumer Price Index (Combined) inflation for October 2023 printed at 4.9%, lower than the previous reading of 5.0%.
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.Wholesale Price Index
• Headline WPI inflation for October 2023 printed at -0.5% as compared to -0.3% in the previous month.
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.Index of Industrial Production
• IIP growth for September 2023 printed at 5.8%, significantly lower than the reading of 10.3% in August 2023, on a year-on-year basis.
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