Key Points
The Department of Economic Affairs released the monthly economic report for January, indicating an expected moderation in food inflation in the coming months..
The report highlighted a decline in price indices for vegetables, pulses, and overall food items, suggesting further moderation in food inflation..
The measures announced in the Interim Union Budget FY25 are expected to play a pivotal role in supporting Indias growth journey ahead, the report said.. "Overall, the outlook for the Indian economy appears bright," said the report...
On the demand side, household consumption is expected to improve, while prospects of fixed investment remain bright owing to an upturn in the private capex cycle, improved business sentiments, healthy balance sheets of banks and corporates, and the government's continued thrust on capital expenditure, it said.. Improvement in the outlook for global trade and rising integration in the global supply chain will support net external demand, it said...
A narrowing merchandise trade deficit, coupled with rising net services receipts, is expected to result in an improvement in Indias current account deficit," the report said.. (You can now subscribe to our Economic Times WhatsApp channel)..
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