In October 2024, India’s Consumer Price Index (CPI) inflation surged to a 14-month high of 6.21% YoY from 5.49% in the previous month. The increase in headline inflation was largely driven by a rise in food inflation to 9.7% YoY…

The US Federal Open Market Committee (FOMC) cut the Federal Funds Rate by another 25 bps to 4.50%-4.75% in the November 2024 meeting. In the post-policy press conference, Federal Reserve Chair Jerome Powell indicated that the election won’t affect near-term Fed…

Panorama October 2024 edition is out now! Here are the key insights from the report: India’s unemployment rate held steady at 3.2% in 2023-24. The rural unemployment rate rose to 2.5% from 2.4% the previous year, while the urban rate…

In September 2024, India’s Consumer Price Index (CPI) inflation picked up to 5.49% YoY from 3.65% YoY in the previous month. The increase in headline inflation was largely driven by a rise in food inflation to 8.4% YoY in September…

In the October 2024 meeting, the RBI Monetary Policy Committee (MPC) decided to hold the repo rate at 6.5%. However, the monetary policy stance was changed to ‘neutral’ to provide policy flexibility to the MPC. The MPC stressed that it…

India’s current account recorded a deficit of 1.1% of GDP in Q1FY25, compared to a surplus of 0.5% in the previous quarter and a deficit of 1% in Q1FY24. The current account worsened due to a larger merchandise trade deficit…

Panorama September 2024 edition is out now! Here are the key insights from the report: Deposits comprise 41% of household financial assets, down from the 51% share recorded in 2012. In contrast, equity and investment funds account for 21% share,…

The US Federal Open Market Committee (FOMC) cut the federal funds rate range by 50 basis points to 4.75-5.00% at its September 2024 meeting. The FOMC Dot Plot projects 50 basis points of additional rate cuts in 2024 and 100…

In August 2024, India’s Consumer Price Index (CPI) inflation was marginally higher at 3.65% YoY compared to 3.60% YoY in the previous month. Food inflation rose to 5.30% YoY in August 2024 from 5.06% in the previous month. Vegetables (CPI…

India’s Q1FY25 Gross Domestic Product (GDP) growth was recorded at 6.7% YoY, down from 7.8% YoY in the previous quarter and below the RBI’s forecast of 7.1% YoY. However, Gross Value Added (GVA) recovered to 6.8% YoY from 6.3% in…