Inflation to 7.8%, India at Serenity.
D. Nikhil
(Editor DERIK TIMES)
Friday 12th September has put the people of India at ease when the inflation came down to 7.80% from 7.96% in July. Whereas, IIP (Index of Industrial Production) in July fell down to 0.5% from 3.9% of June which is the lowest in 3months.RBI would pause on the interest rates keeping the figures of CPI (Consumer Price Index) & IIP .India has high food inflation, despite this RBI would not raise policies due to weak domestic demand. The deficit has come down to 11% from 13% due to the monsoon rains, the water rush has increased in the reservoir. The sowing of rice has also started early as compared to previous year.
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