India’s economic recovery may be delayed if oil prices continue to rise ...Middle East

Quartz - Economy
India’s economic recovery may be delayed if oil prices continue to rise
source : Quartz ( Middle East ) () 22
Just when the Indian economy was getting back on track after a jolt due to the Covid-19 pandemic, inflation has come to play spoilsport.After cooling down for a few months, retail inflation in the country surged to a three-month high in February due to an increase in oil and food prices.Higher inflation could force individuals to spend less, which will hurt overall consumption in the economy. Also, if the inflationary trends continue, India’s central bank will need to shift its focus from boosting growth to curtailing price rise.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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