HIGH TIDE: Soaring dollar, high-interest rates, and external financing are the new challenges for the Centre, the report said
New Delhi: Six months into the current financial year, India has managed inflation better than most other countries in the world, the finance ministry’s monthly economic report said on Saturday but also cautioned that price pressures could emerge in 2023 if geopolitical conflicts intensify.
“Global energy prices and supplies remain sources of concern. Geopolitical conflicts may yet intensify reigniting supply chain pressures that have eased recently. If so, inflation may yet see a resurgence rather than a decline in 2023,” the report for September said.
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