The Index of Industrial Production (IIP) also increased 11.9 percent in August as per the official data.
Consumer prices may recede to pre-pandemic levels by the middle of next year
The moderation in inflation is a welcome news to Indian consumers that have been under pressure since the start of the pandemic
Inflation in the food basket slowed down to 3.11% in August 2021 from 3.96% in July 2021, according to the data released by the NSO.
IIP growth: Power generation rose 11.3%, and mining output also increased by 19.5% in July. In July 2020, the IIP had contracted 10.5%.
FDs normally have been destroyers of purchasing power though it’s the most popular form of savings and investment for the majority of people.
Today's data points vindicate the RBI's decision to calibrate the policy normalisation in a gradual fashion, say experts
Inflation in the food basket slowed down to 3.96% in July from 5.15% in the previous month
It is always better invest via MFs where one can hire some of the best minds to work for them at fees as low as 1-2% of your corpus
It would be extremely difficult for the RBI to keep interest rates low if inflation remains elevated