Retail inflation in India has remained at historically low levels due to a sharp fall in food prices, strong base effects, and proactive supply-side interventions by the government. Despite a mild rise in fuel and select non-food prices, overall inflation continues to stay well below the RBI’s comfort zone, reflecting subdued demand conditions and a phase of price stability.
Click to View MoreThe US has imposed sanctions on Russian oil giants Rosneft and Lukoil, raising the risk of secondary sanctions on countries and companies that continue to trade with them. India, a major importer of Russian crude, faces challenges as its refiners rely on US dollars, global financial systems, and insurance services for oil transactions. While there are no direct sanctions on Russian oil, the threat has prompted India to reconsider imports, diversify energy sources, strengthen domestic production, and expand renewable energy. The government and refiners are exploring risk mitigation strategies to maintain energy security while balancing economic and diplomatic interests.
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