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Although China's growth projections for 2018 and 2019 have remained unchanged, they are still below India's latest growth estimates for this period.
Will the trade war launched by the United States affect global growth? Tensions constitute a "significant downside risk" for the global economy. These could derail the recovery and depress growth prospects in the medium term, both by their direct impact on resource allocation and productivity, and by weighing on investment. However, he said that the contraction impact will be minimal on the overall economy.
What Indian Policy Makers Should Watch?
While higher oil prices will reduce fiscal space for the government due to the higher-than-expected subsidy With respect to kerosene and cooking gas, it will leave little room for Excise duties on petroleum products before an election year. The government must also monitor the depreciation of the rupee, which could fuel the rise in inflation, as well as capital outflows due to higher yields in the United States.
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