
High inflation 'major concern', changing its course priority: RBI
Reserve Bank governor Shaktikanta Das says policy measures could impact demand in the short-term but moderating inflation pressure is crucial at this stage.
Reserve Bank governor Shaktikanta Das says policy measures could impact demand in the short-term but moderating inflation pressure is crucial at this stage.
The rating also balances India's external resilience from solid foreign-exchange reserve buffers against some lagging structural indicators.
Moody’s cautioned that growing inflation and rate hikes to control it will impede India’s demand recovery momentum.
Companies continued to share these additional cost burdens with consumers in April, pushing the rate of inflation to its fastest level in one year.
Passing on price hikes to consumers was the last option for the FMCG major, says Hindustan Unilever managing director Sanjiv Mehta.
Sub-par profit growth by IT majors has triggered earnings downgrade by brokerages. Prabhudas Lilladher cut Infosys EPS for FY23 by 10%, while TCS forward EPS for FY23 has seen a 2% cut by brokerages.
Supply chain disruption caused by Russia-Ukraine war has compelled consumer product companies to undertake another round of steep price hikes, slash trade margins and use substitute ingredients.
Value-added products, change in fuel-mix, inventory light model — and the inevitable price hikes are some of the steps India Inc. is taking to address volatile commodity prices.
Indian automakers are struggling to bridge the gap between supply and demand as inflated raw materials jolts them with the semiconductor shortage.
India's export will get impacted by soaring commodity prices as majority of them are value added products of imported commodities, pushing India to bank more on IT services.