Cautious of headwinds to domestic demand; inflation to average 5.7% in 2023, says Aurodeep Nandi of Nomura
Aurodeep Nandi of Nomura expects inflation to average 5.7 per cent YoY in 2023 and 4.4 per cent for 2024.
Aurodeep Nandi, India Economist and Vice President at Nomura says he is cautious of headwinds to domestic demand from weaker rural demand, a likely slowdown in government capex as the election cycle heats up and spillovers from sluggish global growth. In an interview with Mint, Nandi shares his views on the inflation trajectory and how an economic slowdown in the US can impact us. Edited excerpts:
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