Finance Ministry anticipates food inflation easing with good monsoon and measures, retail inflation falls to 4.83% in April.

The Finance Ministry expects a good monsoon and effective policy measures to ease food inflation, as retail inflation dropped to 4.83% in April, the lowest in 11 months. However, global geopolitical tensions and volatile commodity prices, especially oil, pose risks. A normal monsoon, rebounding farm sector, and upcoming Rabi harvest are seen as positive indicators to help India cope with external pressures and maintain growth momentum.