India Inflation

April WPI hits 8.3%: Will rising wholesale pressure drive retail inflation?

India's wholesale inflation hit 8.3% in April, driven by fuel prices. While retail inflation remains lower at 3.48%, rising supply-chain costs may soon push consumer prices higher

Mild fuel price hike may not significantly upend household budget

We estimate the direct impact of this hike at around 8bps uptick each in the CPI inflation prints for May 2026 and June 2026, along with a mild indirect impact to the tune of around 10 bps, Nayar said

Fuel price hike shows global oil stress; Rupee seen in ₹96-98 range in FY27

India raised petrol and diesel prices for the first time since 2022 as global crude prices stayed elevated. Here's how the government, OMCs and consumers are sharing the oil shock

Morgan Stanley pegs India GDP growth at 6.7% in FY27

Sustained high oil prices, Morgan Stanley cautioned, could trigger non-linear and progressively larger impacts on growth, as the burden on households and firms intensifies over time.

India's April consumer inflation likely rose to 3.8% on higher fuel costs

Indian companies raised prices of LPG, widely used as a cooking fuel in households, in March after the West Asia conflict disrupted energy supplies, an effect economists said likely carried into April

Best of BS Opinion: Credit guarantee scheme will help small businesses

Today's opinion wrap explores the economic fallout of the West Asia conflict, digital governance reforms, telecom disaster preparedness and the growing role of AI in policymaking

Remain structurally bullish on India despite headwinds: Ben Powell, BlackRock

The long-term story as regards India -demographics, reforms, digitalization, and improving efficiency- remains intact, Powell said.

West Asia war impact managed well, but some concerns remain: Madan Sabnavis

More importantly, the inflation has been kept under control as of now with the government absorbing a large part of the crude oil cost increase.

Heatwaves, weak monsoon and oil surge may push India's inflation higher

This year's adverse weather conditions will likely push inflation above 5 per cent in the fiscal year beginning April 1, exceeding the RBI's projection of 4.6 per cent

Datanomics: Gas inflation rises, other fuel rates muted amid West Asia war

War-driven fuel shock hits India unevenly: LPG inflation spikes, petrol and diesel stay flat after tax cuts, while electricity prices continue to decline

Best of BS Opinion: West Asia risks, RBI stance, AI, GDP debate

From West Asia tensions and RBI policy signals to AI in drug trials, fiscal risks, GDP debates and India-China strategy, today's BS Opinion offers a wide-ranging view of key economic and geopolitical

India's economy projected to grow at 6.4% in 2026, 6.6% in 2027: UN report

India's economy is projected to grow at 6.4 per cent this year and 6.6 per cent in 2027, according to a report by the United Nations. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said in the report released Monday that economies in South and South-West Asia grew by 5.4% in 2025, compared to 5.2% in 2024, driven largely by strong growth in India. India's growth edged up to 7.4% in 2025, "supported by robust consumption, especially from the rural economy along with goods and services tax rate cuts, and export frontloading ahead of the United States' tariffs," the report, titled Economic and Social Survey of Asia and the Pacific 2026, said. It said in India, economic activities moderated in the second half of 2025 as exports to the United States declined by 25 per cent following the introduction of 50 per cent tariffs in August 2025. The services sector remained a key growth driver. The report projected India to register a 6.4 per cent growth rate

Fuel pushes March wholesale inflation to 3.88%; highest in 41 months

The increased rate of inflation in March was primarily due to a jump in prices of crude petroleum & natural gas, other manufacturing, non-food articles, manufacture of basic metals and food articles

From goldilocks to vulnerable: How RBI navigated West Asia energy shock

From the growth perspective, the governor's comment that " growth impulses remain strong, supported by robust private consumption and sustained investment demand" is significant and reassuring

RBI Policy provides a practical picture of the road ahead amid West Asia war

Rate cuts can now be ruled out and the question will be more on when there can be a rate hike. A clearer picture will emerge over the next few months

RBI sees FY27 inflation at 4.6% as Iran war adds fresh upside risks

RBI keeps repo rate unchanged at 5.25 per cent and retains a neutral stance, while warning that crude oil volatility and the Iran conflict could pose upside risks to inflation

Wholesale inflation rises to 2.13% in February on higher food prices

Wholesale price inflation rose for the fourth straight month, at 2.13 per cent in February, driven by an uptick in prices of food and non-food articles, even though vegetable prices eased on a month-on-month basis, government data showed on Monday. Wholesale Price Index (WPI)-based inflation was 1.81 per cent in the previous month and 2.45 per cent in February last year. "Positive rate of inflation in February 2026 is primarily due to an increase in prices of other manufacturing, manufacture of basic metals, non-food articles, food articles and textiles, etc.," the industry ministry said in a statement. According to WPI data, inflation in food articles was 2.19 per cent in February, as against 1.55 per cent in the previous month. In vegetables, inflation eased to 4.73 per cent in February against 6.78 per cent in January. However, pulses, potato and egg, meat and fish saw an uptick in inflation in February over the previous month. In the case of manufactured products, WPI inflati

Nomura cuts India FY27 GDP forecast to 7% amid West Asia conflict

Tensions in West Asia, if sustained, could test the goldilocks mix of robust growth and stable inflation, Nomura said in a recent note.

India's consumer inflation likely rose to 2.4% in Jan on food prices: Poll

January will be the first month of a new data series based on 2024 prices and will mark the first time since August that inflation returns to the Reserve Bank of India's (RBI) 2% - 6% target band

Wholesale inflation climbs to eight-month high of 0.83% in December

India's wholesale price inflation rose to an eight-month high of 0.83 per cent in December, ending a two-month deflationary spell as food prices stabilised and core inflation firmed up