Rising oil prices and inflation could weigh on India’s economic growth
The Economic Times reports that BNP Paribas expects higher crude prices, rising inflation and weaker rural and industrial indicators to put greater pressure on India’s economic outlook.
TLDR
The Economic Times reports that BNP Paribas expects higher oil prices and inflation to weigh on India’s growth, alongside weaker rural and industrial indicators. Credit growth, auto sales and food-grain stocks remain supportive, but the brokerage says elevated oil prices could leave the RBI less room to keep interest rates unchanged.
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