RBI's JUNE 2023 POLICY - LIKELY TO STAY THE COURSE
- Credit Rating Agency in India
- RBI Monetary Policy
- RBI's JUNE 2023 POLICY - LIKELY TO STAY THE COURSE
There seems to be a fair measure of consensus across the board about decelerating global growth. The IMF projected global growth to decelerate from 3.4 per cent in 2022 to 2.8 per cent in 2023 with risks heavily skewed to the downside and high chances of a hard landing. Growth could remain at 3 per cent in 2024-28. Anaemic growth in 2023 stems from aggressive monetary policy to curb inflation, impact of deteriorating financial conditions, Russia Ukraine war and growing economic fragmentation. Renewed thrust on growth, productivity, financial inclusion and inequalities in income & wealth is needed to perceptibly alter the ground realities.