In January 2024, both the Consumer Price Index (CPI) inflation and the Wholesale Price Index (WPI) inflation fell. The Purchasing Managers' Index (PMI) indicates growth compared to the previous month. Industrial production rose YoY in December 2023.The unemployment rate fell for the third consecutive month in January 2024. Foreign Institutional Investment (FII) outflows surged, and mutual funds recorded outflows. Crude oil prices rose, while consumption fell marginally. India's trade deficit narrowed sharply YoY.