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.
|
|
--------------------------------------------------
|
|
In the Second Bi-monthly Monetary Policy
• In the Third 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%.
|
|
--------------------------------------------------
|
|
The Consumer Price Index
• Consumer Price Index (Combined) inflation for August 2023 printed at 6.8%, significantly lower than the previous reading of 7.4%.
|
|
--------------------------------------------------
|
|
Headline WPI inflation for August 2023
• Headline WPI inflation for August 2023 printed at -0.5% as compared to -1.4% in the previous month.
|
|
--------------------------------------------------
|
|
IIP growth for July 2023
• IIP growth for July 2023 printed at 5.7 %, higher than the revised reading of 3.8 % in June 2023, on a year-on-year basis.
|
|
--------------------------------------------------
|
|