India's inflation rate is expected to decrease starting in December, according to Deepak Parekh, former chairman of HDFC.
Speaking at the CNBC TV18 Global Leadership Summit, Parekh expressed optimism that inflation rates will begin to ease, aligning with similar sentiments from Reserve Bank of India (RBI) Governor Shaktikanta Das.
Despite inflation exceeding the RBI's medium-term target and surpassing the upper tolerance band of 6 percent in October, both Parekh and Das noted that the outlook remains positive, with expectations for moderation in the coming months.