India & China Inflation Readings are Worlds Apart, India is Playing Catch-up after Covid: Moody's Analytics
Retail inflation outlook for Asia's two largest economies India and China is uncertain and currently 'worlds apart,' Moody's Analytics said in a report on Friday.
Retail inflation outlook for Asia's two largest economies India and China is uncertain and currently 'worlds apart,' Moody's Analytics said in a report on Friday.
A battered China is seeing inflation readings far lower than in India, which is showing no evidence towards slowing price pressures, the report said.
While China's price pressures have remained muted due to a chronic demand shortage and a fall in pork prices, India is at the opposite extreme.
Chinese consumer price inflation dropped to 0.1% annually in March from 0.7% in February. In India, retail inflation is currently hovering around 5%, closer to the Reserve Bank of India's upper end of the tolerance band of 2–6%.
Overall, Moody's Analytics sees Asia-Pacific region performing better than other parts of the world. While the overall world economy is seen growing at 2.5% this year, APAC may grow at 3.8%, the report said.
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