India central bank focussed on growth, seen lagging on inflation fight

Economists warn inflation could spin out of control, hurting investors and savers alike - and most market participants say the RBI is already behind the curve on tackling inflation.

Inflation is picking up in India, but the country’s central bank is likely to maintain its loose policy even as its global peers raise rates, potentially forcing it to play catch-up aggressively later, economists and analysts say.