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Modi Momentum: Finding Stability in India’s Goldilocks Economy
Yahoo Finance· 2026-01-15 06:19
This stability has enabled the central bank to take action. The Reserve Bank of India recently cut the repo rate, the key interest rate at which it lends money to banks, to 5.25%.Simultaneously, the International Monetary Fund (IMF) and OECD project India’s Gross Domestic Product (GDP) to grow by approximately 6.7% for Fiscal Year 2026. This creates a powerful spread: the economy is expanding rapidly, yet prices remain stable.The most compelling statistic for January 2026 is the inflation rate. India’s Cons ...