Prime Minister Modi and President Trump met in-person for the first time in 15 months on the sidelines of the G7 Summit this week. In that time, relations between the US and India have deteriorated dramatically and then slowly improved. Stepping back though, New Delhi still has a number of grievances with the Trump administration. Meanwhile, the monsoon has got off to a weak start, meaning that risks to the inflation remain skewed to the upside despite the moderation in global oil prices.
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