Retail inflation in India hit a 7-month low of 3.61% in February, a figure that falls within the Reserve Bank of India’s (RBI) target range. The drop in food inflation, both in rural and urban areas, played a significant role in this decrease. Economists believe that this downward trend could prompt the Monetary Policy Committee to consider a repo rate cut in April as a measure to stimulate GDP growth. The latest inflation data indicates a positive outlook for the economy and may lead to favorable policy decisions in the upcoming months.