Gross Domestic Product
Real gross domestic product for Q4FY24 noted a growth of 7.8% on a year-on-year basis, as compared to 6.2% in Q4FY23
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Monetary Policy
In the third Bi-monthly Monetary Policy for FY25, the MPC decided to maintain status quo on policy rates. Consequently, key policy rates stand unchanged: Repo rate at 6.50%, Standing Deposit Facility rate at 6.25% and Marginal Standing Facility and Bank rate at 6.75%.
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Consumer Price Index
The Consumer Price Index (Combined) inflation for July 2024 printed at 3.5%, lower than the previous month’s reading of 5.1%.
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Wholesale Price Index
WPI inflation printed higher at 3.4% in June 2024 as compared to 2.6% in the earlier month.
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Index of Industrial Production
IIP growth for June 2024 was at 4.2%, lower than the reading of 6.2% in May 2024, on a year-on-year basis.
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