Macrovariable Projections in Uncertain Times

International factors and faulty data will impact India’s projections of GDP, inflation and balance of payments

The Fed has raised its benchmark interest rate again by a whopping 0.75%. The Reserve Bank of India has also been forced to raise interest rates further but also take other steps. These decisions in the Monetary Policy Committee (MPC) meeting are based on what the members of the MPC see as the likely course of…

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