💨 Abstract

India's retail inflation slowed to a five-month low in January, dropping to 4.31% from 5.22% in December, primarily due to a decrease in food price inflation. This reduction increases the chances of another interest rate cut by the Reserve Bank of India, as the economy faces slow growth and the threat of a global trade war. The government also announced income tax cuts to boost consumption.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖