Chapter 3: Prices and Inflation - Under Control
- Central Government’s timely policy interventions and RBI’s policy measures, maintained retail inflation at 5.4%, the lowest since the pandemic.
- The government announced price cuts for LPG, petrol, and diesel, keeping retail fuel inflation low in FY24.
- In August 2023, domestic LPG cylinder prices were reduced by Rs 200, resulting in LPG inflation entering the deflationary zone.
- Petrol and diesel prices were lowered by Rs 2 per litre, leading to deflationary retail inflation for these fuels.
- India’s policies ensured price stability amid global uncertainties.
- Core services inflation hit a nine-year low, and core goods inflation declined to a four-year low in FY24.
- Core consumer durables inflation decreased ....
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- 1 Chapter 1: State of the Economy – Steady as She Goes
- 2 Chapter 2: Monetary Management and Financial Intermediation- Stability is the Watchword
- 3 Chapter 4: External Sector - Stability amid Plenty
- 4 Chapter 5: Medium-Term Outlook – A Growth Strategy for New India
- 5 Chapter 6: Climate Change and Energy Transition: Dealing with Trade-Offs
- 6 Chapter 7: Social Sector - Benefits that Empower
- 7 Chapter 8: Employment and Skill Development: Towards Quality
- 8 Chapter 9: Agriculture and Food Management – Plenty of Upside Left If We Get It Right
- 9 Chapter 10: Industry - Small and Medium Matters
- 10 Chapter 11: Services - Fuelling Growth Opportunities
