RBI’s rate increase was a surprise only because it came between two scheduled MPC meetings. RBI was behind the curve on addressing inflation and has caught up. Higher rates will hit consumption and investment. A nudge, if one was needed, for government to focus more on post-pandemic recovery and growth.
Europe needs India to end dependence on China. Delhi must capitalise this opportunity
Prime Minister Narendra Modi’s successful European visits show moral laments on Ukraine aren’t getting in the way of the strategic relationship. Europe needs India to end its dangerous economic dependence on China. India must capitalise on this opportunity by expanding its export base and showing investors it’s serious about business.