Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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Recent India research

* India: State banks still stand on shaky ground, Shumita Sharma Deveshwar, 9 Nov 2017
* India: On the road in Uttar Pradesh: GST woes hurt Modi’s popularity in busy poll season, Shumita Sharma Deveshwar, Amitabh Dubey, 26 Oct 2017
* India: Fiscal policy puts Modi at odds with RBI, Shumita Sharma Deveshwar, 12 Oct 2017
* India: Gujarat poll to test identity vs economics, Amitabh Dubey, 5 Oct 2017
* India In Charts: A disappointingly slow recovery ahead, Shumita Sharma Deveshwar, 21 Sep 2017

See all our India research >>

India: RBI firm on inflation, despite growth risk

Overview

At 3.4% yoy, India’s August inflation rate was still well below the central bank’s 4% target for the tenth consecutive month but a full 100 bps higher than July’s reading of 2.4% yoy. The quick rebound in inflation following an unexpected dip over the past few months blunts the Finance Ministry’s push for lower interest rates while at the same time limiting the options to revive flagging...

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