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India’s economic surge: GDP growth, near-zero inflation and impact of RBI policy
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India’s economic surge: GDP growth, near-zero inflation and impact of RBI policy
New Delhi: India is currently on a rare economic phase with the inflation closing in on zero, even as the growth rate is surging ahead with 8 percent. The country’s central bank, Reserve Bank of India, has also cut the repo rate four times this year, bringing it to full percent point. Notably, the headline consumer price inflation has dipped by 0.25 percent, while the wholesale price are also on negative territory. The Gross Domestic Product in …
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