Four good news have come in just two days for the central government led by Prime Minister Narendra Modi. On one hand, there has been a sharp decline in the inflation rate from retail to wholesale, which has brought relief to the common countrymen. On the other hand, there are indications of progress in the trade deal (India-US Trade Deal) between America and India which is stuck on various issues. Let us know about them and how this is a relief news for India?
First good news: Retail inflation decreased
The first good news related to inflation came on the last trading day. The government has announced retail ban in the month of September. inflation rate Presented the figures, which were a relief. The common man has got a big relief on the inflation front, because CPI has fallen to 1.54 percent. This is the lowest level of retail inflation rate after June 2017. Meaning, the lowest inflation rate in about 99 months has been recorded in the month of September. This decline in Retail Inflation has occurred due to food items becoming cheaper. Earlier in August, it had reached 2.07% with a slight increase.
Second good news: Wholesale inflation also reduced
The second good news for Modi government has also come on the inflation front. After retail inflation, on Tuesday the government has released the wholesale inflation rate figures in the country. There has also been a decline in the month of September and it has come down to 0.13 percent. Last August, WPI was recorded at 0.52 percent. While releasing the figures, the government said that wholesale inflation has softened especially due to falling prices of food products, manufacturing products and non-food products.
Third Good News: Big update on India-US trade deal
On Monday, along with the retail inflation data, a big update has come regarding the stuck trade deal between India and America. Under this, there seems to be a discussion on this. While recently the delegation of American negotiators had reached New Delhi, now this week the Indian team is also going to go to the US. PTI report quoted an official as saying that talks on the trade deal between the two countries are progressing in the right direction and to resolve the issues involved, the Indian team is going to visit America this week for the next round.
Fourth Good News: IMF said- ‘India is a growth engine…’
The fourth good news within two days has come from the International Monetary Fund. IAF Chief Kristalina Georgieva has praised the pace of the Indian economy, which is the fastest growing in the world. Before the annual meeting of the IMF-World Bank, he said that the patterns of global development have changed in the last few years and India is now developing as a global growth engine. Along with this, he praised India and said that those who expressed doubts on various issues regarding India have been proved wrong by the bold economic policies of the government.
—- End —-
