The EcoCAPSULE expounds on a depressed global growth outlook as the hope of a deal to end the War hangs in a balance. The elongated period of high energy prices has surged inflation worldwide. The Report discusses the approach of various Central Banks towards this. Closer home, India’s growth appears on a secure footing, but strong winds are blowing which could shake it. In this context, the RBI’s policy decision is explained, while highlighting the clever solutions it has proposed to support the INR without impacting the policy rate. The Report concludes with a view on bank credit growth and whether deposits can catch up.
