Perspective on July IIP and August CPI data by Mr. Nish Bhatt, Millwood Kane International
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Below on SGB Series-I 2023-24 by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
" India's retail inflation (CPI) in August have fallen to 6.83 percent from a 15-month high of 7.44 percent in July, led by cooling of in food and vegetables prices, providing a relief to households. While India's industrial output grew by 5.7 percent in July, a five-month high which can create some volatility and has implications for India's economic growth prospects.
We see inflation still as concern in the coming months due to rising crop and oil prices globally.”
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