HomeEconomyIndia's growth outlook stagnated, mired in low gear: Reuters poll Economy India's growth outlook stagnated, mired in low gear: Reuters poll By farahat October 20, 2022 0 101 views Share FacebookTwitterPinterestWhatsApp SCGLY -2.40% Add to/Remove from watchlist Add to watchlist Add Location Job added successfully: Please name your portfolio type: purchaseSell date: quantity: price Point Value: Leverage: 1:1 1: 1: 1: 13 1: 11 1: 40 1: 41 1: 25 1: 10 Committee: 942187 500 CREATE NEW WATCH LIST CREATE 20083 CREATE A NEW HOLDING PORTFOLIO ADD CREATE 50083 + Add another position to close by Vivek Mishra BANGALORE (Reuters) – India’s economy compares Reuters to economists Despite the recent rise in interest rates, inflation is well below its potential over the next two years and remains above the midpoint of the RBI’s tolerance range, a survey showed. While growth is expected to be faster than many other economies, for a country often ranked as one of the world’s worst hunger Job creation needed to lift millions of people out of poverty. Growth may slow sharply from The annual growth rate in the third quarter was 6.0% .5%, mainly through the Statistical comparisons from a year ago are backed up by new dynamics. According to an October report, the fourth quarter is expected to decelerate further to 4.4% – Reuters poll . The expected median is up 6.9% – fiscal year, slightly higher than the International Monetary Fund (IMF) ) and the World Bank forecast of 6.8%. It is expected to slow to 6.1% next year. While these figures are only taken from previous poll medians, the deteriorating global economic outlook suggests further future Downgrade for a few months. “India has… its own set of domestic challenges: weak employment, negative real wages and weak industrial activity, even in the pre-French start-up Bank economist Kunalkundu pointed out (OTC: 83SCGLY ). “This, we believe, will result in the RBI having to shift its focus to supporting growth rather than anchoring inflation expectations by designing growth to slow. ” The full results highlight the RBI’s rate hike campaign, which started only five months ago, and according to opinion polls, will start at end of first quarter , has little effect on reducing price pressure. Inflation is felt most strongly by low-income households, who account for A significant portion of the country’s population of approximately 1.4 billion. Like other economies in the world, India has been struggling Struggling with soaring energy prices due to Russia’s invasion of Ukraine and a particularly devastating pandemic, businesses are still recovering from it. Retail inflation in India accelerated to 5-7 in September. % The year-on-year surge in food prices sparked further criticism of the central bank’s next policy review when it meets in December. Worry about interest. While the central bank’s inflation target range is 2%-6%, opinion polls show that the annual inflation rate as of March Average is 6.7% 41, The following year was 5.2%, up slightly from 6.6% and 5.0% in the September poll. ” Shilan Shah, senior India economist at Easy Food Capital Economics, pointed out that energy inflation and energy inflation will pull down headline consumer price inflation in the coming months, but strong underlying price pressures mean The decline will be gradual and inflation will remain high. Rupee fell ch lost this year’s percentage against the US dollar, It also adds to inflationary pressures through import prices. The rupee has hit multiple all-time lows against the dollar this year, trading at a price despite RBI depleting its dollar reserves Close to Wednesday per dollar. Polls show RBI Take a more dovish approach to interest rates. Although there is no clear majority, the median forecast suggests the central bank will raise the repo rate one more time The base point is 6.% until the end of March. Then expect to stay there until the end -83. (For other stories in the Reuters Global Long-Term Economic Outlook Survey Package:)52 Share FacebookTwitterPinterestWhatsApp Previous article5 Förslag Villig ninja casino flashback Casinospel Att Pröva PåNext articleThe YouTube handle is here – what it means for your business farahat RELATED ARTICLES Economy Factbox – What's in the debt ceiling deal Biden, McCarthy agree to? 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