印度2月份的經濟指標反映了通貨膨脹，工業產出改善和強大的公司收入的適度

儘管通貨膨脹趨勢在短期內仍然有利，但進口通貨膨脹風險和盧比折舊構成了挑戰。

New Delhi, March 16 India’s economic indicators for February indicate a moderation in inflation, improved industrial output and strong corporate earnings, according to the latest SBI Ecowrap report.

根據最新的SBI ECOWRAP報告，新德里，印度3月16日，印度2月的經濟指標表明，通貨膨脹率提高，工業產出改善和強大的公司收入。

While inflation trends remain favourable in the short term, the report highlights the risks of imported inflation and rupee depreciation on the macroeconomic outlook.

儘管通貨膨脹趨勢在短期內仍然有利，但該報告突出了宏觀經濟前景中進口通貨膨脹和盧比貶值的風險。

“The RBI’s expected rate cuts could further bolster growth, providing a positive environment for capex expansion and industrial performance. The evolving economic landscape suggests a cautious but optimistic outlook for the coming months,” said the report published by the State Bank of India's Economic Research Department.

“印度儲備銀行的預期降低可能會進一步增長增長，為資本支出擴展和工業績效提供了積極的環境。不斷發展的經濟格局表明，未來幾個月的謹慎但樂觀的前景。”印度銀行經濟研究部門發表的報告說。

India's CPI inflation fell to a 7-month low of 3.6 per cent in February 2025 due to a substantial decline in food and beverage prices. Food and Beverages inflation eased by 185 basis points (on-month) to 3.84 per cent, mainly due to a sharp decline in vegetable prices.

由於食品和飲料價格大幅下降，印度的CPI通貨膨脹率在2025年2月下降到3.6％的7個月低點。糧食和飲料通貨膨脹率減少了185個基點（月度）至3.84％，這主要是由於蔬菜價格急劇下降。

Vegetable CPI declined sharply, entering negative territory (1.07 per cent) for the first time in 20 months. Approximately 80 per cent of this decline was attributed to garlic, potatoes and tomatoes.

蔬菜CPI急劇下降，在20個月內首次進入負地區（1.07％）。大約80％的下降歸因於大蒜，土豆和西紅柿。

CPI inflation is expected to decline to 3.9 per cent in Q4 FY25 and average 4.7 per cent for FY25, the report projected.

該報告預測，預計25財年第4季度的CPI通貨膨脹率將下降到3.9％，而25財年平均為4.7％。

FY26 inflation is projected in the range of 4.0-4.2 per cent, while core inflation may range between 4.2-4.4 per cent.

FY26通貨膨脹率預計為4.0-4.2％，而核心通貨膨脹率可能在4.2-4.4％之間。

The Reserve Bank of India (RBI) may implement successive rate cuts in April and August 2025, with an overall expected cumulative rate cut of at least 75 basis points. The cycle of rate cuts may continue from October 2025, following an intervening gap in August 2025, it added.

印度儲備銀行（RBI）可能在2025年4月和8月實施連續降低率​​，總體預期累計降低至少為75個基點。它補充說，在2025年8月的介入差距之後，降級的周期可能會從2025年10月開始。

India’s Index of Industrial Production (IIP) expanded by 5.0 per cent in January 2025, the highest in eight months, compared to 3.2 per cent in December 2024.

印度工業生產指數（IIP）在2025年1月增長了5.0％，是八個月來最高的，而2024年12月為3.2％。

“The combination of a strong balance sheet, comfortable interest coverage, and a downward interest rate cycle is expected to support the next capex cycle for Indian industries,” said the report.

該報告說：“預計強大的資產負債表，舒適的利息覆蓋範圍和下降利率週期的結合將支持印度工業的下一個資本支出週期。”

Improved corporate margins and liquidity conditions make Indian Inc. well-positioned for capital expenditure growth, it added.

它補充說，改善的公司利潤率和流動性條件使印度公司的資本支出增長良好。