High oil prices behind inflation in India, Monetary Tightening Needed: IMF

The surge in #OilPrices due to the emerging situation in #Europe has pushed up inflation in India, which needs monetary tightening and measures to address structural weaknesses to improve growth potential. As per the recent estimates, the country’s economy is likely to grow by 8.2 per cent in 2022-23, down 0.8 percentage points.

#IMF #India #Infaltion #Ukraine #UkraineRussiaWar #HighOilPrices #InternationalMonetaryFund