Why this is going to be a tough year for economic policymaking6 min read 19 Sep 2022, 10:28 PM IST
The RBI will face the difficult choice of either intervening strongly to ‘manage volatility’ at the risk of losing reserves or letting the currency ‘find its own level’.
India’s ministry of finance struck an upbeat note in its August economic review when it asserted growth is “robust" and inflation is “under control". It then quite rightly balanced the optimism with the qualification “there is no room for complacency". Truth be told, it is going to be a tough year for policymaking.
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