{"id":4211,"date":"2022-09-20T17:24:00","date_gmt":"2022-09-20T11:54:00","guid":{"rendered":"http:\/\/13.235.158.174\/hfc\/?p=4211"},"modified":"2024-05-08T17:25:45","modified_gmt":"2024-05-08T11:55:45","slug":"the-indian-economy-continues-on-a-recovery-path-amidst-a-bleak-global-outlook-inflation-worry-lingers","status":"publish","type":"post","link":"http:\/\/43.204.86.36\/hi\/the-indian-economy-continues-on-a-recovery-path-amidst-a-bleak-global-outlook-inflation-worry-lingers\/","title":{"rendered":"The Indian economy continues on a recovery path amidst a bleak global outlook; inflation worry lingers"},"content":{"rendered":"<p>The global economic slowdown intensified due to high inflation, synchronized monetary policy tightening by major central banks, geopolitical tensions, and a strict COVID containment policy in China. However, India&#8217;s economic growth continues to recover, as reflected in double-digit growth in Q1 FY23. The early data for July-Aug indicates a continued catch-up of the services sector and a nascent improvement in manufacturing while global developments continue to pose downside risks. Given elevated inflation and growth outcome for Q1 missing the central bank&#8217;s expectations, we expect the RBI to continue to tighten monetary policy but temper the size of rate hikes. As such, the RBI is expected to raise the repo rate by 35 bps in its September policy; however, we do not rule out the possibility of a larger rate hike.<\/p>","protected":false},"excerpt":{"rendered":"<p>The global economic slowdown intensified due to high inflation, synchronized monetary policy tightening by major central banks, geopolitical tensions, and a strict COVID containment policy in China. However, India&#8217;s economic growth continues to recover, as reflected in double-digit growth in Q1 FY23. The early data for July-Aug indicates a continued catch-up of the services sector [&hellip;]<\/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-4211","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\/4211","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=4211"}],"version-history":[{"count":3,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/4211\/revisions"}],"predecessor-version":[{"id":4216,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/4211\/revisions\/4216"}],"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=4211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/categories?post=4211"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/tags?post=4211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}