Pantheon Macroeconomics
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13th Jul 2022 13:52Emerging Asia, Daily Monitor
Falling oil prices mean a fiscally more sustainable freeze in pump prices in India, not lower inflation.
Real relief is unlikely to come until 2023, and risks still are to the upside, from food and core prices.
The spike in industrial production growth to a year high won’t do much to strengthen the RBI’s hawks.
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