'We have to keep an eye on oil prices, but don't expect any big spike in food prices' said CEO of Esquire Capital Investment Advisors."Maybe the worst of inflation is over," he added.
RBI's projections in the Monetary Policy Report are based on its economic model but extreme weather conditions have made food price volatility hard to predict, said economists.
Inflation rates in rural India were higher than in urban areas for first 7 months of the year, govt data shows. A major reason lies in the way inflation is calculated for the 2 regions.
Food prices, reopening of economy & resurgent demand are fuelling inflation, but robust public distribution system is likely helping some states like Kerala, Tamil Nadu keep prices down.
Exports of cereals witnessed highest spike between April-August 2020 and April-August 2021, according to govt data. Meat, dairy and poultry exports record spurt too.
In India, Modi govt is distributing free rice & wheat and has implemented trade measures to shield consumers, including cutting duties on palm, soybean, sunflower oils and lentils.
According to the data released by the National Statistical Office, inflation in the food basket slowed down to 3.96% in July from 5.15% in the previous month
New Delhi, Nov 16 (PTI) The National Financial Reporting Authority (NFRA) will carry out audit quality inspections of five audit firms, including the...
No matter what tactics, doctrine, or weapon system is used, the objective of any war is to control territory, argues Gen. MM Naravane (retd). But it's politics that matters most.