"Taking all these measures into account, I think that we are broadly in a good situation economically and will be able to keep inflation under control in the medium term," he added
Here are the top BS Opinion articles of the day
The central bank hiked its repo rate by 40 basis points (bps) to 4.40 per cent following an emergency meeting earlier this month
The report said that seen over a longer time horizon, inflation in India's economy has not been as much a challenge as is sensed from month-to-month changes
Factory output shows poor growth at 1.9% in March
Lower labour force participation needs attention
The RBI increased the limit for keeping specified securities in the HTM portfolio from 22 per cent to 23 per cent
Gross domestic product growth will be 7.6% for FY23 and 6.7% for FY24, 30 basis points lower than the previous estimates, the brokerage said in a note
India Inc will hire 5% more people in the April-June period compared to the Q1 this year, a new report showed, as Covid infections decrease amid reopening of industries across the spectrum
An RBI report says even in the best case scenario, general govt debt may not dip below 75% of GDPl and if there are events, it may in fact rise to 90% of GDP by 2026-27
Bangladesh is likely to topple India again for each of the next six years
Government officials also told industry representatives that exports and domestic production are inter-linked
The committee is likely to submit its report to the department of commerce by mid-June
Food inflation, which accounts for nearly half the consumer price index (CPI) basket, reached a multi-month high in March
In a Q&A, the lead author of IMF's Asia and Pacific Outlook, dwells on the impact the Fed's move on the benchmark rate could impact India
In April, exports grew 24.2 per cent year-on-year to their third-highest level of $38.2 billion, on the back of higher commodity prices
Traffic has increased in Mumbai and New Delhi
The RBI report stated that India would need to boost exports further and carry out import substitution
Finance Minister Nirmala Sitharaman flagged anonymity as an "inherent risk" in blockchain technology and called for taking precaution in future with a rise in the use of this technology
There is near total political silence around inflation with neither politicians nor their parties caring to take it up