The region's governments have responded more aggressively than peers elsewhere as the US-Iran war drove global prices up, and they've relied more heavily on subsidies
The World Bank on Tuesday raised its growth forecast for India, saying strength in industry and services will help the economy weather a weaker monsoon and elevated energy prices.
The upgrade adds to a string of more optimistic assessments of the world’s fastest-growing major economy and comes a day before the Reserve Bank is expected to raise interest rates for the first time in nearly four years to contain rising inflation.....
More https://bit.ly/3TrP3w6
Via business-standard.com
