Cola Increase 2024 Forecast India. India is hiking minimum wages marginally for workers employed in informal sectors including construction, mining and agriculture, from october 1, a government. India’s gdp grew 8.15% yoy over fiscal 2023 to 2024, with a sharp growth of 7.8% in the fourth quarter of 2023, beating the government’s second advanced estimate of 7.6% and reserve bank of india’s (rbi) estimate.
Inflation rate in india increased to 3.65 percent in august from 3.60 percent in july of 2024. India consumer price index (cpi) growth was measured at 3.5 % yoy in jul 2024, compared with a rate of 5.1 % in the previous month.
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