India’s inflation remains elevated, with ongoing tensions in the Middle East and prospects of a weak monsoon season seen as key risks for the economy, according to Reserve Bank of India Governor Sanjay Malhotra.
In an interview with Doordarshan on Friday, Malhotra said recent price pressures were largely driven by supply-side factors. Official figures out earlier this week showed India’s inflation rose above the central bank’s 4% target for the first time in nearly a year and a half.
