Gross Domestic Product
• Real gross domestic product for Q3FY24 noted a growth of 8.4% on a year-on-year basis, as compared to 4.3% in Q3FY23
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Monetary Policy
In the first 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
Consumer Price Index (Combined) inflation for March 2024 printed at 4.85%, lower than the previous month’s reading of 5.09%.
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Wholesale Price Index
Headline WPI inflation for February 2024 printed at 0.2% as compared to 0.3% in the previous month.
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Index of Industrial Production
IIP growth for February 2024 printed at 5.7%, higher than the revised reading of 4.1% in January 2024, on a year-on-year basis.reading of 4.2% in December 2023, on a year-on-year basis.
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