Скачать или смотреть India’s Inflation Hits Record Low: What’s Next for Rates? | Aditi Nayar | ICRA Podcast

India’s October 2025 CPI inflation dropped to 0.25%, a series low — but what does this mean for the upcoming Monetary Policy Committee (MPC) review?

In this episode, Aditi Nayar, Chief Economist and Head - Research & Outreach at ICRA Limited, explains the macro trends shaping India’s inflation and interest rate outlook.

Key insights include:
• CPI inflation at 0.25% in October, significantly below expectations
• Deep food deflation and broad-based non-food price declines
• Festive-season increase in gold and silver prices pushing up core inflation
• FY2026 average CPI projected to be just above 2%
• Inflation expected to rise: above 1% in Nov–Dec, ~3% in Jan, above 4% in Q1 FY2027
• Q2 FY2026 GDP growth estimated at around 7%
• How the MPC may weigh current low inflation vs. expected future rise
• Role of rate-cut transmission and the US–India trade deal in the final policy call

Will the MPC deliver the final 25 bps rate cut in December 2025?
Here’s why the probability is slightly tilted in favour of a cut.

Tune in to understand how policy actions are reshaping India’s growth trajectory this festive season.

🔔 Subscribe for more macro insights and forecasts from ICRA.

#ICRA #ICRAPodcast #IndiaEconomy #GST #MonetaryPolicy #Inflation #GDPGrowth #ICRAInsights #RBI #EconomicOutlook

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