Banking turmoil in the West has placed India at a fork in the road4 min read 26 Mar 2023, 09:41 PM IST
Lower growth and inflation are now more likely and this calls for Indian policy preparedness against emerging global risks
Recent events have shaken the global economic outlook. Three US mid-sized banks have failed, Credit Suisse has had to be taken over by UBS, and the spotlight is now on German banks. These have re-ignited memories of the 2008 Global Financial Crisis (GFC), but the turmoil so far is different from it in a few aspects.
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