Not vet out of woods on inflation front: RBI

Says retail inflation reading of around 5% and 4.9% in September and October, respectively, is welcome relief

- MONIKA YADAV

DESPITE the festival-related strong demand and positive consumer sentiment, challenges remain on the inflation front and the country is not completely out of difficulties yet, according to the Reserve Bank of India's latest bulletin.

It said the GDP growth rate will be higher in the third quarter with festival demand remaining "ebullient".

Consumer appliances, particularly in the mid- and premium segments, are experiencing high demand in urban areas, the "state of the economy" monthly report noted. "In urban areas, consumer appliances are in strong demand, especially in the mid- and premium segments. Consumer sentiment is upbeat."