India Rate Setters Blame Global Factors in Inflation Letter

Shoppers push shopping carts in the parking lot at a DMart store operated by Avenue Supermarts Ltd., in Mumbai, India, on Tuesday, Aug. 16, 2022. The company opened its highest-ever 50 stores in the year through March, its most ever, and wants to tap Indias teeming middle-class, which according to some researchers could account for as much as half of countrys almost 1.4 billion population. Photographer: Dhiraj Singh/Bloomberg

Shoppers push shopping carts in the parking lot at a DMart store operated by Avenue Supermarts Ltd., in Mumbai, India, on Tuesday, Aug. 16, 2022. The company opened its highest-ever 50 stores in the year through March, its most ever, and wants to tap Indias teeming middle-class, which according to some researchers could account for as much as half of countrys almost 1.4 billion population. Photographer: Dhiraj Singh/Bloomberg

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