u/kalakawaa

The Ministry of Statistics released a new GDP series with base year 2022-23 on February 27 — replacing the 2011-12 base year used for the past decade. A new CPI series with base year 2024 was released on February 12. A new Index of Industrial Production follows in May. And for the first time, India will have a dedicated services sector index. This is the most comprehensive overhaul of India's economic data in more than a decade. It matters because the RBI meets tomorrow to set interest rates — using these new numbers for the first time.

🚨🚨 The Monetary Policy Committee meets April 6-8 with the repo rate at 5.25% — last cut in December 2025. In January, Governor Malhotra called the economy a 'rare Goldilocks period.' In February, he said India was in a 'good spot.' Since then: oil crossed $100 a barrel. The rupee hit a record low of 94.83. Gold crashed ₹4,245 in a single day. The Strait of Hormuz is blocked. 92% of analysts expect a hold. The question is what comes next.