Monthly Ecocapsule_May’24: Inside Stability: A look at Domestic Growth amid Global Fluctuations

The Report discusses the changing story of global growth, and how its trajectory could impact policy, and ultimately, India. Even as global markets rally, the economic narrative is slowly giving way. US growth surprised to the downside; even so, stiff inflation prints have kept rate cut expectations circumspect. Indian growth is on domestic moorings, but with volatile crude and pressure from global growth impact exports, external threats could be lurking. The promise of an above average monsoon is welcome, and could finally give some relief on food prices. Heaving a sigh of relief on inflation, the RBI has turned its attention to building countercyclical buffers, saving for a rainy day. The Report concludes with a view on yields

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