• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Inflation To Ease, Economic Growth To Accelerate In Coming Months: Finance Ministry

OMMCOM NEWS by OMMCOM NEWS
November 25, 2024
in Business
inflation

New Delhi:  India’s food inflation is likely to ease while the growth outlook for the economy is “cautiously optimistic” for the coming months as the agricultural sector is likely to benefit from favourable monsoon conditions, increased minimum support prices and adequate supply of inputs, according to the Finance Ministry’s monthly economic review released on Monday.

India’s retail inflation jumped in October 6.21 per cent, a 14-month high, driven by elevated food inflation in a few vegetables. Supply disruptions from heavy rains in major producing states contributed to price pressures on tomatoes, onions, and potatoes.

However, the bright agricultural production prospects make the inflation outlook benign, despite existing price pressures on select food items. Early November trends signalled moderation in key food prices, though geopolitical factors may continue to impact domestic inflation and supply chains, the report states.

Amid a clouded global background, and after a brief period of softening momentum over the monsoon months, many high-frequency indicators of economic activity in India have shown a rebound in October.

These include indicators of rural and urban demand and supply side variables like Purchasing Managers’ Index and E-way bill generation, the report states.

On the employment front, the formal workforce is expanding, with notable increases in manufacturing jobs and a strong inflow of youth into organised sectors, it added.

As far as the external sector is concerned, the report states that India’s export recovery may encounter challenges due to softening demand in developed markets.

However, trade in the services sector is sustaining momentum. Apart from the emerging indications of domestic growth and stability, the dynamics of global interest rates, earning growth and valuation, geopolitical developments and policy decisions of the next administration in the US will determine the course of trade and capital flows.

Recent developments in the ongoing conflict between Russia and Ukraine have caused some concern in financial markets with safe-haven assets such as US Treasuries and gold finding a bid. Geopolitical conditions remain fragile, it added.

(IANS)

Tags: Inflation
ShareTweetSendSharePinShareSend
Previous Post

IPL 2025 Auction: DC Buy Faf Du Plessis For Rs 2 Cr; KKR Bag Rovman Powell For Rs 1.5 Cr

Next Post

Tribal Groups Agree To 7-Day Ceasefire After Over 65 Killed In Pakistan

Related Posts

Income Tax Bill 2025
Business

Govt Withdraws Income Tax Bill 2025 From Lok Sabha, New Version To Be Tabled On Monday

August 8, 2025
Indian stock markets
Business

Indian Stock Market Ends Lower Amid US Tariff Jitters, Sensex Declines 765 Points

August 8, 2025
Business

SBI Clocks 12.5 Pc Rise In Q1 Net Profit At Rs 19,160 Crore

August 8, 2025
Business

50 Pc Tariffs By US Bad Policy Move, India Must Continue To Protect Its Farmers: SBI Report

August 8, 2025
Business

India’s Income Roadmap: Gujarat Emerges Frontrunner; MP Improves As Southern, Western States Consolidate Earnings Dominance

August 7, 2025
Business

US Tariff Hike To Impact Only 4.8 Per Cent Of India’s Total Exports

August 7, 2025
Next Post
Parachinar: Photo taken with mobile phone shows smoke rises from a blast site in northwest Pakistan's Parachinar, on June 23, 2017. At least 18 people were killed and over 100 others injured as twin blasts ripped through a market on Friday afternoon in Parachinar, capital city of Pakistan's northwest tribal area of Kurram Agency, reported local Urdu TV channel Geo. (Xinhua/Stringer/IANS)

Tribal Groups Agree To 7-Day Ceasefire After Over 65 Killed In Pakistan

IPL 2025 Auction: Rajasthan Royals Sign Nitish Rana For Rs 4.20 Cr; Punjab Kings Buy Marco Jansen For Rs 7 Cr

Bihar Assembly's Winter Session Begins, Three Newly Elected MLAs Take Oath

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.