August 7, 2018
Nadimul Haque asks a Question on the rise in prices of essential food items
India’s Wholesale Price Index (WPI) rose by 5.77 per cent to a 54-month high in June 2018. Government data shows that retail inflation too had risen to a five-month high of 5 per cent in June. The increase in inflation pushed the RBI to go for a hike in repo rate. In a fresh update, the IMF trimmed India’s growth projection for 2018-19 by 10 basis points to 7.3 per cent and by a sharper 30 basis points for 2019-20.
Will the Minister of Finance be pleased to state:
Will the rise in inflation impact the GDP growth projections released by the ministry? And if so, the details thereof.