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India will need to make a 'growth sacrifice' to slow inflation, says JPMorgan India's central bank has raised interest rates faster and higher than it anticipated as inflation surged. Street Signs Asia It is 'absolutely imperative' that the RBI's actions are 'front loaded,' according to Upasna Bhardwaj, chief economist at Kotak Mahindra Bank. Bhardwaj said rate hikes would only pause if inflation falls below 6% by the last quarter of the financial year. 'Of course, the situation is evolving because the crude oil price trajectory is very important for Indian inflation. [With that in mind] I expect to see a...
