President Biden’s SOTU speech shows that China is on his mind. The global supply chain and manufacturing hub now have to move back to America. He ruled out conflict but stressed on competition. His call for political unity, signalled the need for a bipartisan push to reclaim global economic leadership.
RBI interest rate hike will bring some stability but it’s time to boost flagging growth
RBI’s interest rate hike by 25 bps is in line with analysts’ expectations, underscoring policymakers’ attempts to bring some stability in a volatile global environment. This is welcome in the context of an unsurprising Budget, but it might be time for the RBI to shift focus to boosting flagging growth.