2QFY26 along with a convincing fiscal arithmetic of Union Budget FY26, the long-awaited rate cut may take place in February 2025," said Devendra Pant, chief economist at India Ratings.
"The favourable progress of rabi sowing becomes critical for retail inflation, given that food inflation has been the leading driver in recent times. This, along with the subdued trend in inflation of the majority of the items, is expected to help the headline retail inflation head closer to 4% from end-FY25," he added.
The decline in inflation comes at a time when senior government functionaries including finance minister Nirmala Sitharaman and commerce minister Piyush Goyal have called for lower interest rates. On Wednesday, Sitharaman said inflation was a pressing global challenge that transcends borders and defies individual nations' efforts, calling for collective action to tackle the issue effectively.
This story is from the December 13, 2024 edition of Mint Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 13, 2024 edition of Mint Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
These New Year resolutions will boost your investment portfolio
Assess your asset allocation as well as net worth, diversify, manage risk and start investing now
SEC Sues Musk Over Twitter Stock Buys, Escalating Long-Simmering Feud
The lawsuit comes after a long investigation that Musk sometimes delayed
We must celebrate the warships joining our naval fleet
The INS Nilgiri, Surat and Vagsheer demonstrate India's progress in indigenous shipbuilding
ITC Hotels Eyes Overseas Expansion
ITC plans to expand its hotel business internationally, beginning with neighboring countries and West Asia, its chairman and managing director Sanjiv Puri said.
IBC to establish giga factory in Bengaluru
Lithium-ion batteries manufacturer the International Battery Co. (IBC) is set to commence production at its 'giga factory unit' in Bengaluru within nine months, Karnataka minister for large and medium industries M.B. Patil said on Wednesday.
Our economy seems to have gotten even more K-shaped
India's middle class might actually be shrinking while disparities turn more glaring than ever
Can Gifting Assets to Family Members Help Save Taxes?
Key insights on the taxation rules behind family asset transfers and clubbing of income
Isro's space docking is key, whether successful or not
Valuable data to help future missions; at stake is a seat at the table with US, Russia, China
India's Rising Consumer Base to Boost PE Investment in '25'
Investors are reviving their bets on India's high-growth sectors, says KPMG's Nitish Poddar
The H-1B visa programme serves US interests—and India's as well
America's brouhaha over Indian techies is misguided. Skilled worker immigration is vital to the US tech industry's success
