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Slowing inflation rains on India's parade of strong growth

Amid slowing growth and a drop in food prices, economists also lowered their consumer price inflation forecasts for the 2018 and 2019 fiscal years to 4 per cent and 4.75 per cent, respectively, from 4.5 per cent and 5 per cent in May's survey.


INDIA'S economy is struggling to recover its strong growth record, beset by record low inflation, a widening output gap, and short-term uncertainty from the introduction of a uniform sales tax.

That will build pressure on the Reserve Bank of India to jettison its neutral...

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