Indian fiscal and monetary authorities must remain watchful even as the nation is one of the bright spots amid a 'gloomy global scenario where the dark clouds of recession gather', the finance ministry said on Saturday.
Nikhil Kumar Mondal, 65, a retired school headmaster, buys vegetables from a vendor at a market on the outskirts of Kolkata, India, May 20, 2022. Picture taken May 20, 2022. REUTERS/Rupak De Chowdhuri
"Inflation trajectory remains dependent on geopolitical developments," the report stated, adding risks to inflation were amplified by an appreciating U.S. dollar," the ministry said in its monthly economic review. "Even as commodity prices have softened, elevated imported inflation is expected to be an upside risk with the outlook for crude oil remaining uncertain and significantly tethered to geopolitical conditions," it stated.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indian Cricket Legend Sachin Tendulkar Enters World of NFTs With Rario InvestmentNFTs of Indian cricket legend sachin_rt will be available on rariohq. The 'God of Cricket' will also be a strategic partner in the NFT platform. By amitoj
Read more »
Plano Woman Faces a Second Lawsuit Over Racist Attack Against Four Indian AmericansA second woman has filed a lawsuit against Esmeralda Upton, a Plano resident caught on video attacking and hurling racist insults at a group of Indian American women as they were winding down a night out in late August. Indrani Banerjee and three friends met at the restaurant Sixty Vines...
Read more »
300 million cigarette butts and counting: Indian company converts them into beautiful productsTrillions of cigarette butts are discarded every year. This venture might show us a way to put them to use.
Read more »
Indian firms' fundraise via public bond sales to double in H2 –analystsIndian corporates are likely to raise double the amount of funds through the public issue of bonds in the second half of this fiscal than they did in the first, as tighter systemic liquidity and lower fixed deposit rates make these instruments attractive, analysts said.
Read more »
Google fined over $160M by Indian watchdog over market dominanceThe Competition Commission of India says Google configured the platform to unlawfully crowd out rivals to its popular apps, including YouTube and web browser Chrome.
Read more »