India’s Wholesale Prices Accelerate to 15-Month High of 2.61% in May Rising Wholesale Price Index (WPI) India’s Wholesale Price Index (WPI) rose to a 15-month high of 2.61% in May 2024, reflecting an upward trend in wholesale prices. This significant increase marks the highest level since February 2023, driven by a surge in the prices…
India’s Wholesale Price Index (WPI) Records Seventh Consecutive Month of Deflation in October India’s Wholesale Price Index (WPI) has marked a significant economic trend, registering a seventh consecutive month of deflation in October. The WPI, a key metric gauging inflation at the wholesale level, dipped by 0.17% in October 2023. This decline is primarily attributed…
RBI Flags High Inflation as Key Risk to Macroeconomic Stability, Vows to Bring Inflation to 4% The Reserve Bank of India (RBI) has raised concerns over rising inflation rates, identifying it as a critical risk to the country’s macroeconomic stability. In its recent announcement, the RBI has pledged to take measures to bring inflation down…
RBI Keeps Repo Rate Unchanged at 6.5%: Here’s What It Means for Govt Exam Aspirants The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%. This was announced by RBI Governor Shaktikanta Das on April 6, 2023. The repo rate is the rate at which the central bank lends…
India’s Manufacturing PMI Slips to 4-month low of 55.3 in February The manufacturing sector is a significant contributor to India’s economy, and the performance of the sector has a significant impact on India’s overall economic growth. According to the data released by IHS Markit, India’s Manufacturing Purchasing Managers’ Index (PMI) fell to a four-month low…
