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India’s economy: Off to a flying start
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₹2.1 trillion in April. All this spells optimism over this year’s economic prospects.
That this is happening despite the economy not firing on all cylinders, with private investment and consumption still not doing as well as they should, is quite remarkable. Interest rates aren’t low either, with RBI’s policy constrained by inflation worries.
Its task could’ve got more complicated had a rate-easing cycle begun in the US. The Federal Reserve’s ‘higher-for-longer’ stance has kept that pressure off, thankfully.
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