Commodity price rise may affect India's economic recovery, says S&P

Rising commodity prices, further triggered by the Russia-Ukraine war, could moderate healthy recovery of the country’s economy, and put pressure on the Reserve Bank of India (RBI) to normalise its monetary policy faster than anticipated, S&P Global Ratings said in a report on Thursday.
 

Due to the ongoing Russia-Ukraine war, India may face higher expenditure on items that the government subsidises, particularly food and fertiliser, if these markets are upended for an extended period.
 

Higher commodity prices could also undermine buoyant private consumption trends in India as households spend more on those items, S&P wrote in the report on the