State like UP has received 500% more rainfall than normal so far in October. Higher food prices could prompt India to slap additional restrictions on exports of food commodities.
Adverse effects of inflation and rate hikes are temporary and they fade away as the economic cycle turns whereas the positive effects result in permanent benefits, writes Aniruddha Kalley.
Despite rising interest rates, bank credit growth rose to a nine-year-high last month. While credit to MSMEs has shown consistent double-digit growth, it’s large industries that have really helped.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
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