India

Curbing Inflation a Key to Avoiding Downdraft

Though largely driven by domestic demand, the country is nevertheless vulnerable to the worsening global economic environment. Avoiding a deep downdraft in the next 2 years will primarily be shaped by the outcomes of three counteracting forces: keeping food price inflation moderate, lowering interest rates to sustain high levels of investment, and containing the fiscal deficit. Find out more in the Asian Development Outlook 2008. Read the news release.