Falling inflation and a slowing manufacturing industry would reinforce expectations that the Reserve Bank of India will again cut interest rates soon from the current 7.5 percent.
WPI-based inflation has been in the negative zone since November 2014 mainly on account of cheaper food and fuel products.
Deflation is not an unmixed blessing. Sometimes it can be more calamitous than inflation.
Joker in this video by ‘Fame Comedy’ has something serious to tell you and mind it you may not find it funny.
The headline inflation was at -2.06 per cent in February. It was 6 per cent in March 2014.
On inflation, the RBI said it will stay focussed on ensuring that the economy disinflates gradually and durably.
Desai said rate cuts of the RBI should be a continuous process.
This was the second fall of headline inflation in three months.
However, the food prices remained high, according to the the data released.
Government must step up and translate rate cut into jobs, spending and growth
Latest Google search trends show a decline in online interest for ‘inflation.’
Headline inflation for December rose marginally 0.11 % compared to a 0 % growth during November.
But the industrial data is unconvincing, and a rate cut is needed to secure growth.
Reviving hopes of manufacturing recovery, industrial production grew at five-month high…
2014 was the year of acrimony. 2015 promises to be the year of acronyms.