As the second half of 2023 gets underway, key economic trends in the world’s largest economies (and economic regions) are becoming increasingly divergent. Amid an increasingly uncertain global environment, India’s economic growth has sustained momentum thanks to the government’s strong push on CAPEX and resurgent urban demand, especially for services. A major near-term risk to the outlook comes from the high probability of El Nino which has a bearing on agriculture production and thereby rural incomes and consumption. Slowing global growth is also expected to hamper services exports which have been less affected hitherto. Despite the recent pickup in inflation (caused by seasonal food price spike), and expected further pickup in Q2FY24, we see the RBI remaining on a pause throughout FY24.<\/p>","protected":false},"excerpt":{"rendered":"
As the second half of 2023 gets underway, key economic trends in the world’s largest economies (and economic regions) are becoming increasingly divergent. Amid an increasingly uncertain global environment, India’s economic growth has sustained momentum thanks to the government’s strong push on CAPEX and resurgent urban demand, especially for services. A major near-term risk to […]<\/p>","protected":false},"author":1,"featured_media":3973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,6],"tags":[],"class_list":["post-4118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-macro-economic-monitor","category-research-reports","macro-economic-monitor","research-reports"],"acf":[],"_links":{"self":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/4118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/comments?post=4118"}],"version-history":[{"count":3,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/4118\/revisions"}],"predecessor-version":[{"id":4124,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/4118\/revisions\/4124"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media\/3973"}],"wp:attachment":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media?parent=4118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/categories?post=4118"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/tags?post=4118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}