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The Economic Times

Economy / The Economic Times

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Indias heat wave creates new inflation risks after oil surge

India faces inflation risks from severe heat waves and predicted below-normal monsoon rains, exacerbating existing economic pressures from high energy costs. These adverse weather conditions are expected to push inflation above the central bank's target, impacting food prices and rural incomes. Policymakers are now assessing the dual threat to inflation and economic growth.

28 Apr 2026 8:38 am