Browsing Tag

Inflation

RBI study: Omicron may be flash flood, not wave

MUMBAI: The 'State of the Economy' report published by the RBI has said that the trajectory of the new Covid variant in South Africa has boosted hopes that Omicron will be more of a flash flood than a wave. The report said that while India encountered headwinds from a rapid surge in infections due to Omicron, aggregate demand conditions are…
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India’s overall macroeconomic situation on recovery mode but facing stagflation: Kaushik Basu

India's overall macroeconomic situation is in a recovery mode but the growth is concentrated at the top end, which is a worrying trend, according to former World Bank Chief Economist Kaushik Basu. Amid the rising inflationary trends, including the sharp increase in retail inflation last month, Basu, who has also served as Chief Economic Advisor to…
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