INDIA
RBI DAMPENS BUDGET HOPES WITH RISING INFLATION
FISCAL MSP AND GLOBAL RISKS RULE OUT RATE CUTS
2018-02-09 10:40
-
Indian economy, said to be in “nascent recovery” at present, is headed for another tough fiscal year (2018-19) both from a likely budget-fuelled inflationary surge within, and from global rate rises across booming economies, like USA, which could even lead to some outflows of foreign capital invested in developing economies.