Rising oil prices, inflation to create headwinds for India's economic growth: BNP Paribas

Rising Oil Prices, Inflation to Create Headwinds for India’s Economic Growth: BNP Paribas

Get latest articles and stories on Business at LatestLY. India’s economic outlook is likely to face increasing pressure in the coming months as higher crude oil prices and rising inflation weigh on consumption, rural activity and industrial momentum, BNP Paribas said in a research report. Business News | Rising Oil Prices, Inflation to Create Headwinds for India’s Economic Growth: BNP Paribas.

Rising oil prices, inflation to create headwinds for India's economic growth: BNP Paribas

BNP Paribas expects India’s economic outlook to come under greater pressure as higher crude prices, rising inflation and weaker rural and industrial indicators weigh on growth. While credit growth, auto sales and food-grain stocks remain supportive, the brokerage says elevated oil prices could also leave the RBI with less room to keep interest rates unchanged.