Retail inflation for February 2019 inched up to 2.57% from 1.97% in January 2019, showed the data released by the Ministry of Statistics and Programme Implementation or MOSPI in March 2019. Deflation in food and fuel price was the primary reason for the lower reading. ‘Clothing & Footwear’ and ‘Housing’ and segments remained rather flat.…

As you may know, the Interim Budget 2019 was a pro-farmer and pro-middle-class budget ––an attempt was made to leave a higher disposable income in the hands of the common man. Apart from increasing household savings, the Union Budget 2019, is also expected to provide a boost to India’s consumption story. ICIC Prudential Mutual Fund…