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The RBI has chosen to look through a recent surge in inflation because it was supply-side driven, and will only turn persistent when demand kicks in, Deputy Governor Michael Patra said at a briefing June 4 ....
Indian Policy Makers Seen Tolerating High Inflation for Growth bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
Public health researchers in India generally approved of the Delhi governments approach to lifting its lockdown, but cautioned that the low infection numbers may represent a reprieve — and not the end — of the capitals terrifying second wave. ....
Updated 9:56 AM ET, Mon May 31, 2021 Electric rickshaws pass closed stores on a deserted street during lockdown restrictions in New Delhi on May 31, 2021. New Delhi (CNN Business)India s economy was turning a corner earlier this year as the country started to accelerate out of the recession it suffered in 2020. But a disastrous surge in Covid-19 cases threatens that progress. Asia s third biggest economy recorded a rise in gross domestic product of 1.6% in the January-March quarter, compared with the same period a year earlier, according to official statistics published on Monday. This is faster than the 0.5% growth reported in the previous quarter. ....