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India to See Limited Inflation Fallout From Oil, Government Adviser Says
India's top government adviser said rising oil prices are likely to have a limited impact on inflation for now and Asia's third-largest economy remains in a relatively favorable position to weather global risks.
While high oil prices due to the ongoing crisis in the Middle East is a matter of concern, 'it is still not something that is going to be significant in terms of impact,' Chief Economic Adviser V. Anantha Nageswaran said in an interview on Friday. Cooling inflation, ample liquidity and low interest rates will provide the right conditions for India's economy despite global uncertainties, he added.
