Inflation slows down in India. The figure, as measured by the consumer price index, grew 4.83% year-on-year in April, down slightly from the 4.85% seen in March and slowing for the fourth consecutive month.
While it was the slowest inflation rate since June 2023, it was slightly higher than the 4.8% expected by economists surveyed by Reuters.
India’s statistics ministry said inflation in rural areas grew fastest at 5.43%, while the urban inflation rate reached 4.11%.
The ministry also added that inflation has cooled compared to the previous month in the clothing, footwear, housing and fuel sectors.
India is a country that has been closely observed by analysts in recent times because it is growing visibly, rapidly expanding according toIMF and on track to become the third largest economy in the world by 2027 according to the Finance Minister.
Not only. At a stock level, it is also growing a lot: it has become the fourth largest stock market globally, taking over from Hong Kong. India has roughly doubled its capitalization over the past four years thanks to a boom fueled by a fast-growing retail investor base and robust corporate earnings. The country has positioned itself as an alternative to China, attracting new capital from global investors and businesses, thanks to its stable political structure and a consumption-based economy that remains among the fastest-growing major nations. It has emerged as the fastest growing large economy and will be the third largest in the world by 2030 according to estimates by S&P. This is because by supporting political stability and strong domestic growth potential, the country is committed to increasing global investments in capital markets and industrial production.
PHOTO: SHUTTERSTOCK
