The Economic Times

Rising oil prices, inflation to create headwinds for India's economic growth: BNP Paribas

BNP Paribas expects Indias economic outlook to come under greater pressure as higher crude prices, rising inflation and weaker rural and industrial indicators weigh on growth. While credit growth, auto sales and food-grain stocks remain supportive, the brokerage says elevated oil prices could also leave the RBI with less room to keep interest rates unchanged.