Indian economy not immune to negative externalities, says RBI report

Spurring private investment key for sustainable growth the report adds

India is facing the tremors from the shocks emanating from geo-political tensions that have choked supplies and increased commodity prices, especially food and energy, and has stoked inflationary pressures, the monthly State of the Economy of the Reserve Bank of India (RBI) said on Monday.
 

“The fallout of the war and retaliatory sanctions is already evident in inflation prints and balance of payments developments,” the report said on the domestic impact of the Russia-Ukraine war.

“The Indian economy is not immune to these negative externalities. The surge in commodity prices is already posing inflation risks, especially through the conduit of