New Delhi, May 15 -- Amid global economic uncertainty, there are emerging bright spots. Inflation has eased significantly in both the US and India, fueling hopes of interest rate cuts by the US Federal Reserve and the Reserve Bank of India, which could boost demand, improve liquidity, and support broader economic growth.

India's retail inflation eased in April to its slowest pace in over six years, thanks to lower food prices. According to data from the Ministry of Statistics and Programme Implementation, the Consumer Price Index (CPI) rose 3.16 per cent year-on-year in April, down from 3.34 per cent in March, 3.61 per cent in February, and 4.83 per cent in the same month last year.

On the other hand, US consumer prices saw the smallest...