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India's Central Bank Warns Oil Shock Threatens Growth

The central bank said 6.9% growth and 4.6% inflation forecasts face downside and upside risks from energy prices and shipping disruptions.

Summary by Oil Price
India's economy remains resilient to the external shocks, but the oil price surge amid the global supply disruption poses near-term downside risks to economic growth and upside risks to inflation, the Reserve Bank of India (RBI) said in its Annual Report for 2025-26 published on Friday. "Against the backdrop of a moderate global growth, the outlook for the Indian economy in 2026-27 remains positive, supported by strong macroeconomic fundamentals…

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Indian Express broke the news in India on Friday, May 29, 2026.
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