S&P says RBI may cut repo rate early next year
Das had recently said that our war against inflation is not over yet. Only half the work is done. We have to keep an eye on it going forward and be prepared to deal with it if it accelerates. He said that price and financial stability is necessary for greater policy focus. Monsoon is likely to be affected due to El Nino effect. The RBI has got a target of keeping inflation at 4 percent with a margin of error of 2 percent.
India’s sting will continue
S&P says that emerging economies in Asia will remain the fastest growing economies in the world until 2026. In this, India, Vietnam and Philippines will be at the forefront. India’s economy is expected to grow at an average rate of 6.7 per cent during 2023-26. Similarly, the average growth rate of Vietnam will be 6.6 percent and that of Philippines will be 6.1 percent. The economy of these countries will boom on the basis of domestic demand.
