-The Telegraph India’s economic recovery is uneven India’s ranking as one of the world’s fastest growing economies — a bright spot in a troubled and slowing world economy — routinely figures in the public discourse. It was upheld even as oil prices zoomed and inflation surged early this year. It did not waver when growth forecasts were lowered some six months ago. It wasn’t rattled when growth underperformed in the April-June quarter....

-The Telegraph Document says country is poised to consolidate and accelerate its revival over the rest of the year A Reserve Bank of India (RBI) document on Monday said contact-intensive sectors will lead India’s recovery. Besides, elevated inflation will cool from September ``albeit stubbornly’’ on the back of easing momentum and favourable base effects, according to a paper on the state of the economy co-authored by deputy governor Michael Patra, that is part...

-Down to Earth The annual rise of material price came after a pause of 2 years because of the pandemic The Centre has increased allocations for materials cost for mid-day meals at schools by 9.6 per cent, after two unprecedented years of the COVID-19 pandemic. The measure, however, is insufficient to protect against rising inflation, stakeholders and experts complained. In absolute figures, the hike translates to a measly 48 paise for a primary...

-The Telegraph Monthly economic review of finance ministry says that there is no 'room for complacency on inflation front' The rice and wheat stocks of the central government have shrunk alarmingly by as much as 37 per cent in a year as rising food inflation signals growing shortages in the economy. Wheat and rice stocks in government-owned godowns stood at 511.36 lakh tonnes on October 1, data from the Food Corporation of India...

-Reuters/ Livemint.com In spite of unacceptably high inflation, the Indian central bank should hold off on raising interest rates, according to Jayant Varma, a member of the monetary policy committee India's central bank should pause interest rate hikes, despite unacceptably high inflation, to avoid stalling a recovery in economic growth, monetary policy committee member Jayant Varma told Reuters on Monday. The Reserve Bank of India's monetary policy committee has raised its key repo...