GDP / IIP / Growth Data

Rising inflation is tempering optimism surrounding India’s economic growth trajectory. June’s CPI inflation accelerated to 4.38% year-over-year, driven by food price increases and specific items like silver jewelry and ginger, while the MoSPI has revised the base years for key macroeconomic indicators like GDP, IIP, and CPI to better reflect the current economic landscape. These revisions, alongside the launch of a Services Production Index utilizing GST data, aim to improve data accuracy and timeliness, though the immediate impact is a reminder of persistent inflationary pressures that could influence future monetary policy decisions and potentially moderate the pace of economic expansion.