Keep up with major economic news and government policies that impact your finances. In our Economy & Policy section, you’ll discover easy-to-understand updates on inflation, interest rates, and other factors that shape your financial world.
India’s wholesale price index (WPI)-based inflation hit a four-month peak in October 2024, standing at 2.36%, driven primarily by a notable surge in food prices. This development comes as a significant marker in India’s economic landscape, prompting questions about the long-term implications for consumers, businesses, and policymakers. Key Drivers Behind October’s Inflation Spike According to … Read more
Recent statements by India’s Finance Minister Nirmala Sitharaman signal a potential shift in India’s trade policies, particularly in import tariffs, but with a cautious approach to safeguarding domestic industries. As global economic and trade dynamics evolve, the India-U.S. trade relationship has come under fresh scrutiny, with the U.S. seeking more balanced trade terms. Below, we … Read more
India’s retail inflation spiked to a 14-month high of 6.2% in October 2024, driven primarily by soaring food prices, especially in key vegetables like tomatoes, onions, and potatoes. This inflation level exceeded the Reserve Bank of India’s (RBI) target range, raising concerns about potential delays in anticipated interest rate cuts. These rising costs could weigh … Read more
The Indian government is considering relaxing quarterly spending limits in an effort to meet its record capital expenditure (capex) target for the fiscal year 2024-2025, amounting to 11.11 trillion rupees. Amid slow economic growth indicators and reduced spending in the first half of the fiscal year, this strategic move aims to stimulate infrastructure growth, boost … Read more