The ministry says that current inflation numbers do not yet reflect the potential impact of rising crude oil prices, which pose an upside risk going forward
As energy prices surge -- the Indian crude basket has gone past $156.6 a barrel as of Friday last, up from $69 on February 27 -- the impact is expected to ripple through the economy.
The expected growth will be anchored by domestic demand, with policy support lifting household disposable incomes, public capex staying on course and private capex expanding in emerging, policy-suppor ...
According to Choon Hong Chua, a senior director at Moody’s, the larger impact of the closure of the Strait goes beyond oil but overall trade behaviour across Asia.
