Tag Archives: India economy

India’s retail inflation continued its downward trajectory for the seventh consecutive month, dipping to 3.16% in April 2025, the lowest recorded since July 2019, according to data released by the National Statistical Office (NSO) on Tuesday. This steady decline has strengthened expectations of a possible interest rate cut by the Reserve Bank of India (RBI) in its June policy review to bolster economic growth.

In a bold projection, Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra suggested that India could become the world's second-largest economy by 2031, with the potential to be the largest by 2060. Speaking at the Mid-Career Training Programme for Indian Administrative Service officials at the Lal Bahadur Shastri National Academy of Administration in Mussoorie, Patra emphasized India's ambitious economic trajectory.