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WEST ASIA INFLATION IMPACT
Auto sales growth likely to normalise after festive inventory build-up; West Asia inflation a risk: ReportIndia's automobile sales are expected to experience near-term support due to inventory build-up before the festive season. Demand remains s...
After S&P & Fitch, ADB raises India's growth aim to 7% but El Nino clouds food storyIndia's economy is demonstrating resilience, leading to raised growth forecasts from institutions like the Asian Development Bank. However,...
Worsening El Nino threatens Asia with drought, potentially raising food prices globallyExperts warn that the current El Nino phenomenon could become one of the most intense in recorded history, raising alarms over possible dev...
S&P Global Ratings raises India FY27 growth aim to 7% from 6.6%, estimates 25 bps RBI rate hikeS&P Global Ratings has upgraded its forecast for India's real GDP growth to 7% for the FY27. Strong industrial activity, healthy consumptio...
India gives UDAN another decade to fly & generate Rs 60,000 crore; MoUs in 2-3 weeksThe Centre expects to finalize UDAN scheme agreements with all states soon. West Bengal will sign its memorandum of understanding on Septem...
August core sector growth hits 3-month low as energy sectors lose steamIndia's core sector output growth slowed to 4.8 percent in August. This easing was due to contractions in energy sectors and an unfavorable...
Oil’s sea lanes get tougher to navigate; India must press Iran to ease Hormuz blockadeSea lane disruptions in the Red Sea and Persian Gulf impact India's oil imports significantly. India faces challenges securing oil from Wes...
US Market: Fed's Kashkari says US inflation still too high despite rate hikeMinneapolis Fed President Neel Kashkari said US inflation remains too high and is broad-based, extending beyond recent energy price increas...
BoJ has room to accelerate rate hikes as inflation pressures build: ReportJapan is witnessing a surge in underlying inflation, driven by escalating producer prices and wage growth. While government subsidies are c...
Moody's raises India's FY27 economic growth forecast to 7% citing resilience, but warns of inflation risksMoody's Ratings increased India's economic growth forecast for fiscal year 2027 to seven percent. The agency cited the nation's resilience ...
UAE President calls PM Modi, discusses West Asia situation and deepens strategic tiesPrime Minister Narendra Modi spoke with UAE President Sheikh Mohamed bin Zayed Al Nahyan. They exchanged views on recent developments occur...
Restaurants, cafes rule out menu price hikes in festive quarter despite UPI MDR levy and rising food inflationRestaurants will likely avoid menu price increases this holiday season. Rising input costs and inflation have already impacted the food ser...
Kevin Warsh-led Federal Reserve starts US war on inflationThe US Federal Reserve increased interest rates, signaling a global effort to control rising inflation. Other central banks will likely fol...
‘Fed’ up with inflation? US rate hike leaves RBI with an October-or-December dilemma, economists sayThe US Federal Reserve’s first rate hike since 2023 has added to pressure on India, with the rupee breaching 96 against the dollar and econ...
RBI may hike repo rate 25 bps each in October, December, analysts sayAnalysts expect the Reserve Bank of India to raise key policy rates soon. Headline inflation is projected to rise further, influencing this...
Central banks turn hawkish again as oil shock stokes inflationInterest rate hikes are now a global trend, marking the longest monetary tightening since 2023. The West Asia oil shock has driven headline...
SBI Research, IDFC First expect rate hike in October as crude prices climb: Higher oil prices & inflation raise likelihood of policy tighteningEconomists are gearing up for a potential rate hike from the central bank as soon as October, driven by escalating crude oil prices and ong...
PM Modi keeps saying 'sab changa si' but actually 'sab mehenga si': Congress on WPI inflation dataWholesale price inflation reached 9.92 percent in August, showing a consistent rise. Food and manufactured items contributed significantly ...
WPI inflation edges higher to 9.9% in August, fuel leads riseWholesale prices increased to 9.9% year-on-year in August from 9.8% in July. Fuel and power inflation rose significantly, driven by mineral...
India faces higher oil import costs as crude prices surge on West Asia supply risksInternational crude prices surged, impacting India's oil import bill and inflation. Escalating West Asia tensions raised concerns about glo...