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India’s Inflation Rate Surprisingly Low

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Editor’s remarks:

India’s year-on-year inflation rate fell by one percent from slightly over 6% between July and August. What is worse is the slowing industrial output, highlighted by the Index of Industrial Production, whose poor performance mostly stems from low investment. India is suffering amid riots due to water shortages, now starting to impact its vital tech sector. As a result, India’s central bank or RBI is expected to cut rates soon to spur growth. More numbers are expected this week giving greater insight into the health of one the shining lights of the global economy. However, if this week is anything to go by, if India’s tech sector does not pick up its pace, one of the last hopes for spurring global growth may just be dimming.

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