Key Points
Global and regional uncertainties and domestic disruptions may keep inflationary pressures elevated in India for the coming months, the Finance Ministry said in a report released Tuesday...
"Going forward, while domestic consumption and investment demand are expected to continue driving growth, global uncertainty and domestic disruptions may keep inflationary pressures elevated for the coming months, warranting greater vigilance by Government and the RBI," the Department of Economic Affairs wrote in its July issue of Monthly Economic Review...
Notably, retail inflation in India has surged to 7.4 per cent in July from 4.9 per cent in June..
Domestic factors like white fly disease and uneven monsoon distribution exerted pressure on vegetable prices in India, the ministry said..
On the trade front, the ministry feels the external sector warrants a closer watch to strengthen merchandise export growth in the face of slowing global demand, even as services exports are expected to continue performing well...
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