NEW DELHI - India's growth slowed further in the first three months of 2022, the National Statistics Office said on Tuesday , with inflation andAsia's third-largest economy grew 4.1 per cent, year on year, in the last quarter, NSO data showed.Rising global commodity prices have sparked concern among policymakers, with India's central bank announcing its first interest rate hike in nearly four years earlier this month.
India is also the world's largest importer of edible oils, prices of which are at record highs since the conflict began.tax breaks to offset higher food and petrol costs. Consumer inflation hit 6.95 per cent in March, according to the Reserve Bank of India, which slashed its own yearly growth forecast to 7.2 per cent.
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