Food, Fuel Inflation Hits India; Primary Price Index Up 15%, Credit Expansion Up 23%

``The sustained growth assumptions of India and China at about 10% each are simply not going to happen. Both countries are overheating and there is a not so little constraint called peak oil that will get in the way. Should India maintain its rate of growth, do not expect to see any containment in price inflation. The same holds true for China.''