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White Heat.(trends of inflation in India)(Brief article)
Byline: Rana Foroohar
Economic overheating was supposed to be a China problem. But India is heating up, too--and fast. Overall wholesale prices are growing at their fastest rate in two years. What's more, policymakers seem unable to control the inflation--wholesale prices in India rose 7 percent in January despite rate hikes by the central bank.
The problem is India's economic exceptionalism. While most emerging markets boom on manufacturing and commodities, India is driven by a service sector with 1 million white-collar workers, and their rapidly growing salaries are raising demand for nearly every kind of consumer good.
India's protectionism, too, is a contributor to slower productivity growth. Bureaucratic red tape is rife, labor rules relatively ...
- New Delhi, Oct 3 (PTI) Domestic interest rates are likely to go up by 0.5-1 per...
- News wire article from: PTI - The Press Trust of India Ltd. October 3, 2005 700+ words
An increase in interest rates between 0.5-1 per cent due to rate hikes in other countries and firming up of oil prices, a further fall in gross NPAs due to adoption of global best practices in credit...
- FICCI CAUTIONS INDIA'S RBI AGAINST FURTHER INTEREST RATE HIKES.
- News wire article from: AsiaPulse News June 9, 2008 700+ words
NEW DELHI, June 7 Asia Pulse - Amid fears that RBI may further tighten monetary supply to contain rising prices, industry chamber FICCI has cautioned the central bank against further hardening of interest rates and asked it to lower these to spur industrial growth. "The continuous tightening of the
- Loans get dearer as bank rate hikes take effect.
- News wire article from: PTI - The Press Trust of India Ltd. July 1, 2008 700+ words
...of India, Union Bank of India and HDFC Bank. The rate hikes were spurred by the Reserve Bank of India jacking up repo rate and...of 11.42 percent. The rate hikes were kicked-off by State Bank of India which upped its prime lending...
- Rate hikes from PSBs likely to gather momentum this week.
- News wire article from: PTI - The Press Trust of India Ltd. April 8, 2007 700+ words
Rate hikes from PSBs likely to gather...Emboldened by the State Bank of India and Bank of Baroda's decisions...respond to the Reserve Bank's rate hikes, many have now indicated...followed by State Bank of India (SBI), which effected...
- IBA fears further rate hikes may hit banks' bottom lines.
- News wire article from: PTI - The Press Trust of India Ltd. July 9, 2008 700+ words
IBA fears further rate hikes may hit banks' bottom...tightening measures like rate hikes to check the runaway inflation...pinch after successive rate hikes," an IBA spokesperson...CMD M D Mallya, Bank of India CMD, T S Narayanasami...
- More interest rate hikes in days ahead.
- News wire article from: PTI - The Press Trust of India Ltd. August 3, 2006 700+ words
More interest rate hikes in days ahead Mumbai...heard the last of interest rate hikes, as more banks are preparing...lenders like State Bank of India, Punjab National Bank...including Union Bank of India, Dena Bank, Bank of Maharashtra...
- Interest rate hikes' boost bank scrips.
- News wire article from: PTI - The Press Trust of India Ltd. May 7, 2006 700+ words
Interest rate hikes' boost bank scrips Mumbai, May 7 (PTI...interest rates from May 1. Union Bank of India, topped the list of banks with a spurt...said forex rates and liquidity influenced rate hikes and with increasing cost of funds, lending...
- Inflation, rate hikes could pull down GDP growth to 7.8 pc.
- News wire article from: PTI - The Press Trust of India Ltd. June 26, 2008 700+ words
Inflation, rate hikes could pull down GDP growth to 7.8 pc Mumbai, Jun...by surging energy and commodity prices and interest rate hikes by the Reserve Bank, could pull down India's economic growth from the projected eight per cent...