“Even if inflation is at 5.1%, food inflation is at 30%. For someone spending 50% of their income on food, that 30% food inflation is hitting them significantly harder despite government programmes like PM Gareeb Kalyan Yojana providing some relief,” Basu said at a Delhi School of Economics event to mark its 75 years of existence.
First shockwaves of Trump’s tariffs are about to hit world economy
The following day, purchasing manager indexes from Japan to Europe to the US will offer the first coordinated glimpse of manufacturing and services activity since
April 21, 2025