Fuel Hike: Rising Inflationary And Political Risks

July 2008
Asia Monitor: South Asia Monitor;Jul2008, Vol. 14 Issue 7, p3
Country Report
The article presents an outlook for India's economy and politics for 2008. The fuel price hike in June is expected to result in an increase in inflation rate, as well as an increase in the likelihood of an interest rate hike by the Reserve Bank of India. The stock market is forecast to remain under pressure due to the country's tighter credit condition. The popularity of the ruling Indian National Congress (INC) party in preparation for the 2009 general elections is expected to fall further.


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