Headline inflation in India has dropped to a more-than-six-year low and, while higher oil prices are an upside risk following Israel's air strikes on Iran, there are reasons to think inflation will remain anchored over the coming months. Meanwhile, the Defence Ministry is lobbying for a larger budget this year than has been allocated. A rise in defence spending is feasible given the intensification in geopolitical risks, but probably not to the extent that the Ministry is hoping.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.