Gross Domestic Product
Real gross domestic product for Q2 FY2024-25 noted a growth of 5.4% on a year-on-year basis, as compared to 8.1% in Q2 FY2023-24.
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Monetary Policy
In the Fifth Bi-monthly Monetary Policy for FY2024-25, the MPC decided to maintain status quo on policy rates and stance. 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 November 2024 printed lower at 5.5%, as compared to the previous reading of 6.2%.
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Wholesale Price Index
WPI inflation printed lower at 1.9% in November 2024 as compared to 2.4% in the earlier month, on an annual basis.
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Index of Industrial Production
IIP growth printed at 3.1% in September 2024, as compared to a contraction of 0.1% in August 2024, on a year-on-year basis.
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