Finance Ministry Report WPI Inflation Declines To 25 Months Low Transmission In Retail Inflation To Happen Soon

Monthly Economic Report: The Finance Ministry has said in its Monthly Economic Report for the month of February that the country’s economy is continuously moving forward on the path of development. The GDP figure for the third quarter of 2022-23 confirms this fact. The report prepared by the Ministry’s Department of Economic Affairs states that the Wholesale Inflation (WPI) rate has come down to a 25-month low and will soon have an impact on the Consumer Price Index. Will also be seen as a decline.

The Finance Ministry said in its report that due to the fall in commodity prices in the international market and the decisions taken by the government, there has been a reduction in the inflation rate in February 2023. In the month of February, the retail inflation rate has come down from 6.52 percent in January to 6.44 percent. So the wholesale price based inflation has come down to 25 months low of 3.85 per cent in the month of February.

It has been said in the report that there is an improvement in employment related data, due to which inclusive economic growth is being seen in the third quarter. According to the report, India ranks second in the world in the FDI Standouts Watchlist 2023 due to strong foreign investment inflow and better macroeconomic cycle.

The Finance Ministry said in its monthly report that India is one of the few countries in the world whose outstanding corporate debt as a percentage of GDP in the third quarter of 2022-23 is less than in the same quarter of 2008. There is a gradual improvement in the quality of corporate loans. Historically, due to the low debt on corporates of India, they have immense possibilities of raising debt.

read this also

LPG Price Hike: The government defended the decision to increase the prices of LPG cylinders, the Petroleum Minister said – did not put the full burden on the customers

Joe Alwyn Denies Visiting Pub Taylor Swift Mentions in ‘The Black Dog’

Joe Alwyn says he’s never walked into “some bar called The Black Dog.” During an interview with The Sunday Times, ...

Snoop Dogg Celebrates 27 Years of Marriage with Wife Shante Broadus

Snoop Dogg is celebrating a special occasion! The rapper, 52, shared a post on Instagram on Saturday, June 15, celebrating ...

Wilmer Valderrama Reveals Why He’s Not Appearing in ‘That ’90s Show’ Season 2

Wilmer Valderrama is not heading back to Point Place, Wisconsin, anytime soon. Along with That '70s Show costars Mila Kunis, ...

Simone Ashley and Jonathan Bailey Want to Return

Simone Ashley and Jonathan Bailey aren’t ready to bid Bridgerton adieu just yet! During a press meeting at the Monte-Carlo ...

Who Is John Cleese’s Wife? All About Jennifer Wade

John Cleese and his wife, Jennifer Wade, married over a decade ago, and their love has been strong ever since ...

‘Little House on the Prairie’ Cast Felt ‘Very Protected’ on Set as Child Actors

The cast of Little House on the Prairie is looking back on their time together as child actors. Ahead of ...

Hunter Fieri and Fiancée Tara Bernstein Mark 1 Year Until Their Wedding

Hunter Fieri and his fiancée Tara Bernstein are counting down the days until their wedding! The couple, who got engaged ...

Jennifer Lopez feels she can do ‘no more’ to save Ben Affleck marriage: report

Jennifer Lopez is ready to throw in the towel. The “On the Floor” singer, 54, reportedly feels she’s done all ...

Donald Trump’s Fixation with Former The Apprentice Contestant (Exclusive)

Donald Trump's treatment of women has been widely reported on over the years, and among those included his apparent fixation ...

Who Is Patton Oswalt’s Wife? All About Meredith Salenger

Patton Oswalt may be known for his comedy, but when it comes to his wife, Meredith Salenger, he shows some ...

Leave a Comment