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India's rising inflation hits 18-month high, corporate profits to suffer
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India's CPI inflation hit an 18-month high of 4.38%.
Wholesale Price Index (WPI) surged to 9%.
Rising food and energy costs drive the inflation spike.
Economists warn of pressure on corporate profits.
Resilient domestic growth, however, cushions the economic shocks.
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Rajeev Chandrasekhar / Jupiter Capital interests historically