The Reserve Bank of India today cautioned that increasing dependence on imported coal and rising global prices of the dry fuel could impact growth and inflation.
“The Ministry of Coal pointed out that coal shortage has resulted in significant increase in coal imports ... Higher import dependence and elevated international prices of coal have the potential to impact the key macro indicators like inflation, growth, fiscal deficit and current account deficit,” RBI said in its annual report for 2011-12 financial year.
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