The battle against inflation is not won yet. The fact that core inflation rates, which strip out volatile food and energy prices, have crept up across developed economies, says a CEBR report.
Private companies are not going full throttle to expand capacities despite deleveraged balance sheets, higher profitability and a healthy banking system ready to back their ambitions.
A ₹3,600-crore IPO and focus on the nascent branded staples market with convenience foods have catapulted the Adani Group company into the main league.
Commodity prices don’t react to just interest rates but also to supply and demand changes. Higher interest rates mean slower growth prospects, says Prof Sarjanovic.
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.