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Inflation Weighs on India’s Economic Growth
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NEW DELHI—India’s economy grew 4.1% in the fourth quarter compared with the same period last year, as rising inflation restrained a more robust recovery from its recession during the pandemic.
Food prices have been rising rapidly in India and across much of the developing world, after Russia’s invasion of Ukraine disrupted exports of wheat, sunflower oil and corn. In India, increasing costs have weighed on consumer spending, the main engine of growth in the world’s sixth-largest economy.
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