RBI’s move comes as central banks in emerging markets step up action to counter capital outflows and weaker currencies that threaten to drive up inflation.
According to a Goldman Sachs analysis of the inflation facet that most threatens each Asian economy, exchange-rate depreciation has an outsize impact on India's.
Data showed a positive change in India’s economy after Modi tweaked the GDP calculation, but those gains got eroded after 2016's sudden cash clampdown.
The report points out that though the phase after 2014 has been labelled a period of rural distress, the gap between average growth in rural wages and rural inflation is not so significant.
Despite lowering inflation projections just two weeks ago, the tone of the minutes show the debate was veering toward a possible interest rate increase and...
His government is seeking to pay farmers at least 50 percent more than the cost of their produce which is expected to fan prices at a time when oil is surging, putting further pressure on bond yields.
The ADB report also sees economy recovering to grow at 7.3 per cent in 2018 and 7.6 per cent in 2019, aided by various growth-oriented policy measures.
I don’t believe that the US-India relationship has deteriorated beyond repair. There are ways of handling Trump, even if the Pakistanis have outplayed us this year.
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