Month: March 2024

Trends & Tides – Balance of Payments Q3FY24

India’s Current Account Deficit (CAD) marginally narrowed to 1.2% of GDP in Q3FY24 from 1.3% in the previous quarter. The current account remained stable as the rise in services exports and inward remittances offset the higher merchandise trade deficit. The…

Panorama – March 2024

Panorama March 2024 edition is out now! Here are the key insights from the report: Gross Domestic Product (GDP) improved from 8.1% YoY in Q2FY24 to 8.4% YoY in Q3FY24, while Gross Value Added (GVA) slowed from 7.7% YoY to…

Trends & Tides – US FOMC March 2024

During the March 2024 meeting, the US Federal Open Market Committee (FOMC) decided to hold the Federal Funds Rate steady in the 5.25-5.50% target range and maintained the outlook for three 25 bps rate cuts in 2024. The FOMC revised…

Trends & Tides – India CPI February 2024

In February 2024, India’s Consumer Price Index (CPI) inflation remained flat at 5.09% YoY. Food inflation increased to 7.8% YoY in Feb’24 from 7.6% YoY in the previous month. Core inflation, however, eased to an all-time low of 3.35% YoY…