The latest data on India's M3 Money Supply shows a decrease to 11.2% as of April 2024. This decline comes after the previous indicator had reached 11.3%, signifying a slight slowdown in the country's money supply growth. The update, released on 03 April 2024, suggests a potential adjustment in the liquidity levels within the Indian economy.
M3 Money Supply is a key metric used by economists and policymakers to gauge the total supply of money in circulation within an economy, including cash, checking deposits, and other liquid assets. The slight dip in India's M3 Money Supply figure may have implications for inflation, economic growth, and monetary policy moving forward. Analysts and investors will be closely monitoring these developments to assess their impact on the broader financial landscape in India.
