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 August 2024 printed at 3.7%, slightly higher than the previous month’s reading of 3.6%
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Wholesale Price Index
WPI inflation printed lower at 1.3% in August 2024 as compared to 2.0% in the earlier month.
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Index of Industrial Production
IIP growth for July 2024 was at 4.8%, higher than the reading of 4.7% in June 2024, on a year-on-year basis.
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