New Delhi, April 19 -- India's retail inflation reached a multi-year low in March, while rising imports widened the trade deficit in 2024-25. Meanwhile, the government is planning to launch a multi-year incentive for electronics manufacturing in the country and the IMD has predicted above-normal monsoon for the current year.

Retail inflation hit a multi-year low of 3.3% in March, marking the second consecutive month below the Reserve Bank of India's (RBI) medium-term target of 4%. This decline in headline inflation print was primarily driven by year-on-year decline in prices of food items including meat, eggs, and vegetables, while other items reported a modest rise in inflation. Vegetable prices, which tend to influence headline inflati...