RBI warns of short-term inflation risks from extreme weather and geopolitical tensions.
The Reserve Bank of India (RBI) has warned that extreme weather conditions and ongoing geopolitical tensions could pose short-term risks to inflation, according to its monthly bulletin. Adverse weather can lead to price volatility in food and crude oil, while geopolitical tensions may cause instability in oil prices. Despite this, India's economy is expected to continue on an upward growth trajectory, with an average real GDP growth rate above 8% during the 2021-2024 period.
April 23, 2024
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