Mumbai, July 13 -- OPEC stated in its latest monthly Oil Market Report that India's near-term outlook remains comparatively favourable. Output and sentiment indicators through May point to continued healthy growth, with services and domestic demand providing the main support, while manufacturing remains resilient. However, risks around the baseline have increased somewhat. A prolonged elevated level of imported energy expenditures could widen fiscal and external pressures and complicate the RBI's inflation-growth trade-off. Sustaining India's growth momentum will therefore require a careful balance between cushioning the economy from external shocks, preserving fiscal credibility, and anchoring inflation expectations. The consequences of ...