The Wholesale Price Index-based inflation in India has risen to a nine-month high to 1.55 percent in November. The retail inflation in India had eased to 6.93 percent in November against 7.61 percent in October.
Dr Shankar Acharya of ICRIER says he wouldn't lay much emphasis on the recent WPI inflation numbers. Government data shows India's consumer price inflation rose in April to 10.36%.
Dr Shankar Acharya of ICRIER believes the Reserve Bank will wait on the government to make good on its promise of containing the fiscal before it goes ahead with another repo rate cut.
The big story this week was the sub-7% gross domestic product (GDP) growth. That has led to widespread demands for a quick cut in interest rates. What should the RBI do on December 16? Experts discuss.
In view of the dismal May industrial production data and a slowing inflation growth, yet an upward run in prices, should the RBI take a breather in its rate hike cycle? Dr.Shankar Acharya and M.D Mallya debate it out on Indianomics.
Dr Shankar Acharya, in an exclusive interview with CNCB-TV18’s Sheeren Bhan says that the UPA failed to keep the promises made on the big ticket “reforms”.