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It's a downward revision this year, and it's mostly due to the external outlook as well as tighter financial conditions: Pierre-Olivier Gourinchas
The International Monetary Fund (IMF) expects India's inflation rate to come down to the 4 per cent range in the next financial year with additional monetary tightening from being above the Reserve Bank's target of 6.9 per cent.Daniel Leigh, ...
Get latest articles and stories on World at LatestLY. India's economy is doing fairly well, but additional monetary tightening is required, Pierre-Olivier Gourinchas, Chief Economist of the IMF said on Tuesday, as the global lender trimmed its projection of the country's economic growth in 2022 to 6.8 per cent. World News | Indian Economy Doing Fairly Well; Additional Monetary Tightening Required, Says IMF Chief Economist.
Here's why it may not be necessary to drive up unemployment to arrest inflation.
There are reasons for optimism about inflation.