Fuel prices rise again: Petrol and diesel up around 90 paise in second hike in a week

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The latest revision follows a steep ₹3 per litre hike last Friday, as oil companies pass on higher costs triggered by global supply shocks and the West Asia crisis. The resulting inflationary pressure is likely to weigh on economic growth estimates, experts warned. India’s oil marketing companies (OMCs) increased fuel prices for the second time…

ADB says India’s GDP growth to moderate to 6.9% in current fiscal before accelerating to 7.3% next year

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ADB said the moderation in growth is on account of heightened global uncertainty due to the West Asia conflict, higher energy prices and volatile trade and financial conditions. The Asian Development Bank (ADB) projects India’s gross domestic product growth will ease to 6.9% in the current fiscal year from 7.6% in the previous year before…