The risk of higher inflation could become a looming concern for India, experts say, as surging oil prices and monsoon fears come into play.
Surging oil prices and monsoon fears are driving up the risk of higher inflation in India, experts warn — even as the central bank appears poised to cut rates further, adding more pressure to increasing prices.
While core inflation excludes volatile fuel and food prices, rising energy costs would continue to put pressure on the consumer inflation through higher transport costs and heavy household use of petrol and diesel in India, experts say. The most significant near-term risks to India's inflation outlook stem from a potential uptick in global energy prices and the impact of the monsoon season on food prices, said Rajiv Biswas, Asia Pacific chief economist at IHS Markit.
The Reserve Bank of India said last week that"the short-term outlook for food and fuel inflation remains benign" but some uncertainties around the prospects for the monsoon persisted. But Capital Economics warned that"with core inflation still elevated, we think that further policy loosening will prove to be a policy mistake."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
India inflation seen inching up in March, but still below RBI target: Reuters pollIndia's retail inflation is expected to have accelerated in March on slight...
Weiterlesen »
India election 2019: latest updatesPolls open in India as the world's largest election begins. It's official. Up to 900 million people will vote to choose their next leader. Follow live updates here:
Weiterlesen »
Pakistan prime minister accuses India of war hysteriaPakistani Prime Minister Imran Khan blamed India's ruling Bharatiya Janata Party (BJP) for 'whipping up war hysteria' over claims that India shot down a Pakistani F-16 in February.
Weiterlesen »
Facebook says has made headway against abuses ahead of India electionFacebook officials touted new fact-checking efforts and technological advances such as the ability to detect when videos had been doctored.
Weiterlesen »
The world's largest democratic exercise gets underway in IndiaIn the world's largest democratic exercise, voters in 18 Indian states and two Union Territories are casting ballots on the first day of a seven-phase election, staggered over 6 weeks in the country of 1.3 billion people.
Weiterlesen »
Exclusive: India trade ministry says no legal basis to ban e-cigarette imports - documentIndia's trade ministry says it cannot impose a ban on electronic cigarette ...
Weiterlesen »
Pakistan accuses India of planning new attackPakistan's foreign minister says the government has 'reliable intelligence' that India was planning an attack next week -- claims its nuclear neighbor immediately dismissed as 'irresponsible and preposterous.'.
Weiterlesen »
Modi's opponent has a radical plan to tackle poverty in IndiaThe Indian National Congress' minimum income support program could boost consumption in the country, but economists are highlighting concerns about such a policy's potential implementation hurdles.
Weiterlesen »
Seven dead in attacks on Hindu leaders ahead of India pollsBJP lawmaker Bheema Mandavi and five others were killed in an IED blast in Chhattisgarh state. In a separate attack, Chandrakant Sharma, a regional leader of a Hindu group linked to the BJP, was gunned down in India-administered Kashmir.
Weiterlesen »
Analysis | What’s at stake in the world’s largest electionNarendra Modi is seeking reelection in a vote with far-reaching implications for India's democracy and economy.
Weiterlesen »