India's short-term inflation outlook is benign, supported by normal monsoon and moderating global import prices.
India's short-term inflation outlook is benign, with normal monsoon and moderating global prices of key imports supporting the projections made by RBI and IMF. The Economic Survey 2023-24 calls for long-term policy stability by focusing on increasing oilseed production, expanding pulses cultivation, and assessing modern storage facility development. The survey also recommends linking price monitoring data for essential food items across departments to track price increases from farm to consumer.
July 22, 2024
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