What is the percentage of retail inflation in November 2022?

5.88%

5.95%

6.21%

6.46%

Correct Answer : 5.88%

The country’s retail inflation, which is measured by the Consumer Price Index (CPI), eased to an 11-month low of 5.88 per cent last month, down from 6.77 per cent in October 2022.

Separately, India’s factory output, measured through the Index of Industrial Production (IIP), witnessed a contraction of (-)4.0 per cent in October, two separate data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed Monday(12th Dec 2022).

The retail inflation print has come to its lowest level since December 2021. The CPI has come below the Reserve Bank of India’s (RBI) upper margin of 6 per cent for the first time in the calendar year 2022.

The government has mandated the central bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for a five-year period ending March 2026..

Source : Indian Express

Published On : December 14, 2022

Recent Updates in Indian Economy - General Knowledge Questions

Q .

What is the projected growth rate of the Indian economy for FY25 according to Deloitte?

6.5-6.8%

6.7-7.3%

7.0-7.5%

7.2-7.8%

Correct Answer : 6.5-6.8%

* Deloitte forecasts the Indian economy to grow at 6.5-6.8% in FY25, driven by strong domestic consumption, infrastructure development, and digitisation efforts.

* While challenges such as geopolitical tensions and global liquidity constraints may pose risks, India’s resilience in services, manufacturing exports, and stable capital markets provides a solid foundation for sustained economic growth.

Published On : December 31, 2024

Category : Indian Economy

Q .

What is India's projected real GDP growth rate for FY25 and FY26?

5.4%

5.5%

6.5%

6.7%

Correct Answer : 6.5%

India's projected real GDP growth rate for FY25 and FY26 is estimated at 6.5%, supported by robust economic fundamentals despite some recent challenges.

While Q2 FY25 GDP growth eased to 5.4% from 6.7% in Q1 FY25 due to factors like a decline in manufacturing PMI and a slowdown in private consumption, inflation trends show improvement with CPI falling to 5.5% in November. The 6.5% projection reflects optimism for sustained economic growth.

Published On : December 27, 2024

Category : Indian Economy

Q .

How much growth has India Ratings and Research projected for the Indian economy for the financial year 2025-26?

5.3%

5.7%

6.2%

6.6%

Correct Answer : 6.6%

* India Ratings and Research (Ind-Ra) has projected a growth of 6.6% for the Indian economy in financial year 2025-26 (FY26), higher than the 6.4% growth estimated in the current financial year (FY25)13.

* This growth is expected to be driven mainly by a significant increase in investments. Gross fixed capital formation (GFCF) is estimated to grow by 7.2%.