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The annual inflation rate in India was recorded at 6.95% in 2023. Historically, from 1960 until 2023, the annual inflation rate in India averaged 7.37% reaching an all-time high of 28.60% in 1974 and a record low of -7.63% in 1976. The inflation rate for Primary Articles is currently at 9.8% (as of 2012).
As per the provisions of the RBI Act, three of the six Members of the Monetary Policy Committee will be from the RBI and the other three Members will be appointed by the Central Government. The Government of India, in consultation with RBI, notified the 'Inflation Target' in the Gazette of India Extraordinary dated 5 August 2016 for the period ...
The 2016 Union budget of India was the annual financial statement of India for the fiscal year 2016–2017. It was presented before the parliament on 29 February 2016 by the Finance Minister of India, Arun Jaitley. [1] The printing of the budget documents began with a traditional Halwa ceremony on 19 February 2016. [2]
[147] [148] India's GDP in 2016 is estimated to be US$2.25 trillion, hence, each 1 per cent reduction in growth rate represents a shortfall of US$22.5 billion (₹1.54 trillion) for the Indian economy. [149] According to Societe Generale, quarterly GDP growth rates would drop below 7% for an entire year at a stretch for the first time since ...
The Russell 2000 small-cap index jumped more than 5% on Wednesday for its best day in nearly two years. It closed the week up more than 8% for its best week since April 2020 and is now closing in ...
The year-over-year change in grocery prices is the lowest since June 2021, matching trends seen pre-pandemic, he said. ... Eggs, on the other hand, are seeing worse news. Inflation jumped 28.1% ...
A closely watched report on US inflation showed consumer price increases cooled further in June, according to the latest data from the Bureau of Labor Statistics released Thursday morning.. The ...
For the first time since 1990, India grew faster than China which registered 6.9% growth in 2015. [needs update] However the growth rate subsequently decelerated, to 7.1% and 6.6% in 2016–17 and 2017–18 respectively, [186] partly because of the disruptive effects of 2016 Indian banknote demonetisation and the Goods and Services Tax (India ...