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Retail inflation eases to six-year low

Headline Trend: Retail Inflation at 6-Year Low Relevance : GS 3 (Inflations) Food Inflation Drives Decline RBI Policy Implication Economic Implications Broader Economic Context

Is India the world’s fourth largest economy?

 India’s GDP Rank: What’s Being Celebrated Relevance : GS 3(Indian Economy) Limits of GDP as a Measure GDP Conversion Methods: Market Exchange Rate vs PPP Market Exchange Rates (MER) Purchasing Power Parity (PPP) The “Big Economy Illusion” Caveats and Misinterpretations What Should Be Measured Instead Conclusion