Shoppers look at rugs to buy at a market in New Delhi, India, on Friday. India’s overall annual inflation, measured monthly in the world’s second fastest-growing economy after China, stands at 9.72 percent. Its inflation rate was 9.78 percent in August and 9.22 percent in July. Since 1969 until last year, the average inflation rate in India was 7.99 percent. It is expected that the emerging markets, including India, will perform well withstanding challenges like higher inflation as well as the rising prices of the oil.

SD-Agencies