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

Adani Stocks Today Are Showing Slow Trade Despite Good Market Sentiment NDTC Still On Upper Circuit

Adani Stocks Opening: Today the movement of the domestic stock market is a bit slow and yesterday's speed is not ...
Read More

Ravindra Jadeja Shares Emotional Moment With His Wife Rivaba Jadeja CSK Win 2023 IPL Watch

IPL 2023 Final Ravindra Jadeja Rivaba Jadeja: Chennai Super Kings won the IPL title for the fifth time by defeating ...
Read More

Government Job Alert JKPSC Lecturer JKPSC Assistant Engineer MSTC DRDO Indian Navy Recruitment 2023

Government Jobs: If you are looking for a government job, then you can apply for the vacancies in these institutions ...
Read More

Gautam Adani Big Jumped In World Billionaire List Mukesh Ambani Lags Behind Mark Zuckerberg

Gautam Adani and Mukesh Ambani: Big ups and downs are being seen in the list of billionaires of the world ...
Read More

IPL 2023 Chennai Super Kings Won CSK Bowler Deepak Chahar Danced In Hotel After Winning Final Against Gujarat Titans Watch Video

Deepak Chahar Dance In Hotel: Chennai Super Kings was the winner of IPL 2023. Chennai, captained by MS Dhoni, won ...
Read More

Apple Asked Government Officials To Bring Solid Reasons To Ban Batting Apps In App Store

Betting Apps: Apple has asked the government for concrete evidence or say solid reason to obey the order of the ...
Read More

Pakistan Economic Crisis Agreement Wth IMF For Special Package Ishaq Dar

Pakistan Economic Crisis: In Pakistan, which is facing political crisis, economic crisis is also increasing for a long time. In ...
Read More

IPL 2023 Chennai Super Kings became the champion of this season, after this Dhoni gave autograph on the camera lens, watch video

IPL 2023 champions: Mahendra Singh Dhoni once again made Chennai Super Kings the champion under his captaincy. The Chennai team ...
Read More

Trending news: Why did Jennifer Winget get divorced from Karan Singh Grover? Parents warned about marriage

‚ÄčAccording to Jennifer Winget, her parents had also warned her about marrying Karan Singh Grover. He told the actress that ...
Read More

Pakistan Inflation Rises Again Sugar At 200 Per KG And Flour Costs 4000 Rupees

Pakistan Economy: Inflation in Pakistan has reached such a peak that flour which should be around Rs 800 has reached ...
Read More

Leave a Comment