The Report outlines the key economic developments in the previous month. It posits that an ongoing low-level conflict in the Middle East has now become the base case, much like the Russia-Ukraine conflict. With this hypothesis, it discussed the trajectory of commodity prices and possible Central Bank actions. Of these Central Banks, special focus is given to the RBI and its recent monetary policy decisions. The implications of these movements on domestic growth are then shown. Finally, a multi-faceted view on private capex and its avowed revival is presented.
