Gross Domestic Product
Real gross domestic product for Q1FY25 noted a growth of 6.7% on a year-on-year basis, as compared to 8.2% in Q1FY24
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Monetary Policy
In the Fourth Bi-monthly Monetary Policy for FY2024-25, 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 September 2024 printed at 5.5%, higher than the previous month’s reading of 3.7%.
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Wholesale Price Index
WPI inflation printed higher at 1.8% in September 2024 as compared to 1.3% in the earlier month.
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Index of Industrial Production
IIP growth for August 2024 contracted by 0.1%, as compared to 4.7% growth in July 2024, on a year-on-year basis.
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