Holi cheers for economy! Cooling inflation and rate cut bets may add to India’s celebrations

India celebrates Holi against a backdrop of easing retail inflation at a seven-month low of 3.61% and recent RBI repo rate cuts, providing relief to loan borrowers. Manufacturing growth and significant tax cuts in the Union Budget further boost economic activity. The upcoming wage revision for government employees is expected to increase savings and consumption, fueling further economic expansion.