India’s inflation to keep steady, growth on track -Finance Minister

Food price inflation rose to 11.5% in July, its highest in more than 3-1/2 years, while India is set to receive its sparsest monsoon rains in eight years, adding to Prime Minister Narendra Modi's woes in an election year. But economic growth was likely to be robust at least until the end of the year as India heads into the festive season, when spending typically picks up, Sitharaman said in the interview published on Wednesday. India is set to release GDP data for the period from April to June on Thursday.