NEW DELHI: India’s economic data in coming days will likely offer further evidence of weak growth and high inflation, complicating the central bank’s mission of cooling prices without worsening the slowdown and adding to the government’s difficulties as it heads into an election season.
Asia’s third largest economy has been caught in a situation which some analysts define as akin to stagflation for the past three quarters – with economic growth stuck below 5% and prices rising at a fast clip.
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