Fiscal Deficit In the Union Budget of 2024-25, the government has revised India’s fiscal deficit target downward to 4.9% of GDP for FY24-25 from the previously estimated 5.1% of GDP in the interim budget. Fiscal deficit for FY23-24 stood at 5.6% of GDP, much lower than the FY23-24 budgeted estimates of 5.9% of GDP. In […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from June 5-7, 2024. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) made the following announcements: Part A: RBI’s Policy decision Rationale: 1. Inflation CPI headline inflation softened further during March-April, though persisting food inflation pressures […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from April 3-5, 2024. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) made the following announcements: These decisions are in consonance with the objective of achieving the medium term target for consumer price index (CPI) inflation […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from February 6-8, 2024. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) made the following announcements: These decisions are in consonance with the objective of achieving the medium term target for consumer price index (CPI) inflation […]

Finance Minister Nirmala Sitharaman presented the interim Union Budget for FY 2024-25 on February 1st, 2024. Here are some excerpts from the presentation: Fiscal Deficit In the Interim Union Budget of 2024-25, the government has revised India’s fiscal deficit target downwards to 5.8% of GDP for FY24 from the previously estimated 5.9% of GDP. It […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from December 6-8, 2023. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) made the following announcements: Part A: RBI’s Policy decision Rationale: 1. Inflation CPI headline inflation fell by about 2% points since the last meeting […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from October 4 -6, 2023. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) made the following announcements: Part A: RBI’s Policy decision Rationale: 1. Inflation CPI headline inflation surged by 2.6% points to 7.4% in July […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from August 8 -10, 2023. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today decided to: These decisions are in consonance with the objective of achieving the medium-term target for consumer price index […]

The RBI’s Monetary Policy Committee (MPC) conducted its monetary policy meeting from June 6-8, 2023. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today decided to: Part A: RBI’s Policy decision Rationale: 1. Inflation: CPI inflation fell to 4.7% in April 2023 from 6.4% […]