
Economic Survey 2022-23: Monetary conditions to remain 'tight' globally
Economic Survey says India's strong macro fundamentals will underpin the return of global capital flows to the country once the "fog of uncertainty" lifts.
Economic Survey says India's strong macro fundamentals will underpin the return of global capital flows to the country once the "fog of uncertainty" lifts.
It is no secret that RBI is more worried about managing central government's mounting debt – up from 45.7% of the GDP in FY19 to 59.3% in FY21 – more than 90% of which is from internal sources.
Governor Shaktikanta Das has said that RBI will undertake a gradual, multi-year exercise to withdraw the ₹8.5 lakh crore liquidity overhang in the economy.
The central bank sharply increased its inflation projection to 5.7% in the financial year 2022-23 from its earlier forecast of 4.5%.
Centre’s borrowing plan of ₹15 lakh crore for FY23 seen influencing MPC to pursue accommodative stance.
The MPC maintained its dovish stance flagging potential downside risks to economic activity from the third wave of the Covid-19 pandemic.
The BSE Sensex and the NSE Nifty are expected to open higher on Thursday ahead of interest rate decision by RBI's monetary policy committee.
While the Reserve Bank of India kept policy rates and its accommodative stance unchanged, additional monetary measures have been brought in to fight the second wave of Covid-19.
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.
The Reserve Bank of India has decided to keep policy rates unchanged, for the fourth straight time. Here are some key reactions from India Inc.