India inflation: Sky-high prices burn Indians’ pockets, drag savings to 30-year low amid K-shaped recovery

Indians are feeling the pinch of soaring prices, passed on by companies across industries to save their margins from high input costs. As the low-to-mid income generating population largely feels the heat, consumption is seeing a sharp slowdown, and household savings have dropped to a three-decade low. This broad-based moderation in consumption in recent quarters, … Read more

India Inflation: Inflation in India expected to come down to 5 pc in 2023 and 4 pc in 2024: IMF

Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the International Monetary Fund (IMF) said on Tuesday. “Inflation in India as in other countries is expected to come down from … Read more