Adding to a slew of positive economic news, CPI inflation and IIP data came in better than expected at 4.83% for March and 2% for February, respectively.
The Consumer Price Index (CPI) inflation for the month of March declined to 4.83% versus 5.18% in the month of February. This is much below consensus estimates of most analysts.
To target anything lower, while a theoretical possibility, may not provide proper guidance for monetary policy formulation as the number would be hard to sustain
Global rating agency Moody's today reiterated its view that the country will remain one of the fastest growing large economies in 2016, but inflation and corporate profit...
After scaling a five-year-high growth of 9.9% in October, industrial output contracted 3.2% in November 2015, its sharpest drop since October 2011, as one-off factors like an unfavourable...