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Commods, Balance Sheets Biggest India Challenges -- Market Talk

3 Jan 2018 6:13 am

0613 GMT - Dun & Bradstreet says the turnaround in global commodity prices along with Indian companies' stressed balance sheets are the biggest challenges facing the South Asian economy. Costlier commodities, together with unseasonal rains and higher allowances for state employees, have driven consumer inflation past the central bank's target. That's stoking inflation expectations despite lowered tax rates on some goods and services, the research firm notes. This as a rebound in investment demand continues to be awaited. So Dun & Bradstreet has pared its growth forecasts on India, but didn't provide specifics. (anant.kala@wsj.com)

(END) Dow Jones Newswires

January 03, 2018 01:13 ET (06:13 GMT)

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