India's retail inflation rises to 3.93% in May, prompting expert warnings of further economic pressure amid global conflicts.

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India plans to widen its fiscal deficit to 4.8% of GDP due to rising subsidy costs, Bloomberg News reports.

India's retail inflation rose to 3.93% in May. Food and fuel prices increased, impacting consumer costs. This marks the highest inflation reading under the new CPI series. Despite…

Fabiana Negrin Ochoa and Jihye Lee

Economists expect price pressures to intensify further in June, driven by the continued pass-through of earlier increases in transport and cooking fuel costs amid continued supply…

India's retail inflation rises to 3.93% in May, prompting expert warnings of further economic pressure amid global conflicts.

Gold and silver prices decline, while weather patterns and agricultural imports shift amid India's monsoon challenges and global market changes.

Imports, too, grew 20.62% to $73.41 billion in May, leaving a trade deficit of $28.21 billion.