India's export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening
Hiccups in recovery of contact-intensive services attributable to the third wave of Covid-19 in the country may have also affected the economic growth
Prolonged high temperatures are credit negative for India, as that could exacerbate inflation and hurt growth, Moody's Investors Service said
Retail inflation for agricultural and rural labourers rose in April due to increase in food prices
Highlighting a vast income distribution disparity in the country, the latest State of Inequality in India Report by the Economic Advisory Council to the Prime Minister shows a bleak picture, with gaps that need to be addressed so that the goals of social progress and shared prosperity are realised.
The Reserve Bank of India is expected to aggressively tighten policy in the next meeting after minutes of its off-cycle policy review earlier this month revealed that rate setters pitched for front loading hikes amid a worsening inflation outlook.
The sharp surge in inflation in India will require front-loading of interest rate increases, two members of the central bank's Monetary Policy Committee (MPC) said in minutes of its May 4 meeting released on Wednesday.
The surge in India's inflation is a fallout of the Ukraine war and the RBI may hike rates by 75 basis points by August, said SBI Economists.
The RBI is not "behind the curve" in hiking interest rate to tackle rising inflation, Monetary Policy Committee (MPC) member Ashima Goyal said.
Morgan Stanley has lowered its forecasts for India's economic growth in the next two fiscal years, saying a global slowdown, surging oil prices and weak domestic demand would take a toll on Asia's third-largest economy.
The rupee hit all-time lows early on Monday, trading beyond 77.40 per dollar driven by investors' preference toward safety as lockdowns in China, war on the edge of Europe and fear about higher interest rates sent a nervous jolt through markets.
Unemployment rate for persons of 15 years and above in urban areas slipped to 8.7 per cent in October-December 2021 from 10.3 per cent of year ago
The RBI has increased the repo rate upto 4.40 per cent from 4 per cent earlier while the cash reserve ratio (CRR) has been hiked by 50 basis points to 4.5 per cent
A hawkish pivot by the RBI has money managers scurrying to find safer bets while bracing for potentially the steepest rate hikes in Asia
Goods and service tax (GST) revenues in April touched the highest ever level of about Rs 1.68 lakh crore, up 20 per cent from the year-ago period