印度2月份的经济指标反映了通货膨胀，工业产出改善和强大的公司收入的适度

尽管通货膨胀趋势在短期内仍然有利，但进口通货膨胀风险和卢比折旧构成了挑战。

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.

根据最新的SBI ECOWRAP报告，新德里，印度3月16日，印度2月的经济指标表明，通货膨胀率提高，工业产出改善和强大的公司收入。

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

尽管通货膨胀趋势在短期内仍然有利，但该报告突出了宏观经济前景中进口通货膨胀和卢比贬值的风险。

“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.

“印度储备银行的预期降低可能会进一步增长增长，为资本支出扩展和工业绩效提供了积极的环境。不断发展的经济格局表明，未来几个月的谨慎但乐观的前景。”印度银行经济研究部门发表的报告说。

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.

由于食品和饮料价格大幅下降，印度的CPI通货膨胀率在2025年2月下降到3.6％的7个月低点。粮食和饮料通货膨胀率减少了185个基点（月度）至3.84％，这主要是由于蔬菜价格急剧下降。

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急剧下降，在20个月内首次进入负地区（1.07％）。大约80％的下降归因于大蒜，土豆和西红柿。

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.

该报告预测，预计25财年第4季度的CPI通货膨胀率将下降到3.9％，而25财年平均为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通货膨胀率预计为4.0-4.2％，而核心通货膨胀率可能在4.2-4.4％之间。

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.

印度储备银行（RBI）可能在2025年4月和8月实施连续降低率​​，总体预期累计降低至少为75个基点。它补充说，在2025年8月的介入差距之后，降级的周期可能会从2025年10月开始。

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.

印度工业生产指数（IIP）在2025年1月增长了5.0％，是八个月来最高的，而2024年12月为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.

该报告说：“预计强大的资产负债表，舒适的利息覆盖范围和下降利率周期的结合将支持印度工业的下一个资本支出周期。”

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

它补充说，改善的公司利润率和流动性条件使印度公司的资本支出增长良好。