India's inflation could go past RBI target rest of 2021, say report

India’s retail and wholesale inflation will probably accelerate during the second half of this year, according to economists surveyed by Bloomberg. The wholesale price index is expected to continue to grow in double-digits, at 10.71% from a year during the July-September quarter, up from the previous forecast of 10.12%, before slowing to 9.13% in the last quarter of the calendar year, according to the survey.
Economists also upgraded their outlooks for consumer inflation to 5.7% and 5.2%, respectively, for the final two-quarters of 2021.forecasts for gross domestic product were raised to a 9.2% expansion in the fiscal year ending March 2022, from the previous 9%, while the gross value added outlook edged down slightly to 9%.