India central bank, government backing V-shaped recovery
Growth is likely to boost inflationary pressures in the coming months
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Mumbai
INDIA'S surprising economic strength last quarter will only renew debate over how much its unprecedented cash ban has curtailed growth and how quickly activity will bounce back.
While the Reserve Bank of India (RBI) and the government are backing a sharp V-shaped recovery, analysts including those at the local unit of Moody's Ratings predict a slower turnaround after Tuesday's growth estimates showed India shrugged off the impact of the sudden withdrawal of 86 per cent of its currency with only a brief slowdown.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
