• GDP: IMF lowers FY27 forecast to 6.4% (from 6.5%) amid oil shocks; still fastest major economy
• Inflation: CPI jumps to 4.38% in June, breaching RBI's 4% target for first time in 16 months
• Rupee: Falls to 96.16 against dollar, erasing RBI's forex boost
• Trade Deficit: Widens to $30.43 billion in June, up 59% year-on-year

The Checkup

The dominant story this week: India's economy is caught in a triple squeeze. Food inflation hit...