INSUBCONTINENT EXCLUSIVE:
7.7 per cent estimated earlier citing global slowdown, elevated inflation, and rising domestic interest rates as dampeners for growth
in 2024.
The rating agency said rupee weakening and high oil prices that have exerted upward pressure on inflation have resulted in
and support the exchange rate
Eventually, the RBI will likely shift from inflation management to growth considerations, provided that the rate increases have the desired
per cent in an effort to contain inflation risks
support growth in large emerging market economies
Services activity has rebounded strongly in countries, including Brazil, Mexico, India, and South Africa
With demand in G-7 countries weakening, large domestically driven emerging economies, such as India and Brazil, will likely be less
vulnerable to slowing trade growth than will export-oriented countries
September exports are down from the peak in March, but they are still around 30 per cent above the pre-pandemic level
Review in 2015, is now well-positioned to increase capex spending
While these domestic strengths will continue to support the domestic growth narrative, global financial tightening and slowing external
