WTO slashes global trade growth forecast for 2023 to 0.8% from 1.7%
WTO says growth projections in global trade scaled back on a continued slump that began in Q4 2022
monetary policy
October 2023
September 2023
January 2023
December 2022
October 2022
September 2022
July 2022
June 2022
India's GDP outlook ‘bright’; 6.5% growth expected in FY24: FinMin
FinMin says it remains “comfortable” with a 6.5% real GDP growth estimate for FY24, with symmetric risks; forecast aligns with RBI’s GDP estimates
Multi-polar monetary system to challenge US dollar dominance: Credit Suisse
The report notes that the current monetary system has repeatedly been criticised by senior policy makers, due to the stresses created outside the United States from major shifts in US monetary policy.
India needs to remain defensive in monetary, fiscal response to global tightening: Douglas W Diamond
“Inflation in India is in reasonably good shape right now, compared to the rest of the world,” says Diamond, who won this year’s Nobel Memorial Prize in Economics.
India to grow 5.7% in 2022, slow down to 4.7% in 2023: UNCTAD
UN agency attributes decline in growth to impact of weakening global economy and the fiscal pressures that may prevent the govt from ramping up its overall capital expenditure beyond a point.
RBI slashes FY23 GDP growth forecast to 7% from 7.2%
RBI Governor Shaktikanta Das says the world has been confronted with one crisis after another in the past two-and-a-half years. Now, aggressive policy tightening is the third shock.
75.3% capacity utilisation reflects activity in eco: SBI’s Khara
The monetary tightening amid fight against inflation will not affect the credit off-take and investment cycle in the economy, says SBI Chairman Dinesh Khara.
Morgan Stanley cuts India's FY23 GDP forecast to 7.2%
Morgan Stanley sees India’s inflation falling to 6.5% in FY23 from 7% estimated earlier, as it sees moderation in commodity price increases improving in the near-term
Inflation at 5% by Mar ’23, stagflation more likely than recession: SBI
In recent months, demand-led CPI inflation has moved up a bit, while supply-led CPI inflation continues to moderate, SBI says.
War On Inflation
With RBI increasing rates, investment climate subdued and Ukraine war in full swing, government finds it hard to check inflation without hurting economic growth.
