Escalation of geopolitical tensions biggest risk to India's growth outlook: Jayanth Varma
2 years, 4 months ago

Escalation of geopolitical tensions biggest risk to India's growth outlook: Jayanth Varma

India TV News  

Highlights Biggest risk to India's growth outlook is an escalation of geopolitical tensions: Jayanth R Varma RBI MPC member Jayanth R Varma, said high inflation will certainly not become the 'norm' in India RBI decided to increase the benchmark lending rate by 50 basis points to 5.40% to quell inflation The biggest risk to India's growth outlook is an escalation of geopolitical tensions, especially if these tensions spread to the Asian region, RBI Monetary Policy Committee member Jayanth R Varma said on Wednesday. "The MPC is determined to bring inflation down close to the target rate of 4 percent as quickly as possible without imposing intolerable costs in terms of economic growth," he said. "Finally, inflation and inflationary expectations appear to be moderating and this would reduce one of the major headwinds for the Indian economy," Varma noted. "The biggest risk to the growth outlook is that of an escalation of geopolitical tensions especially if these tensions spread to the Asian region," he said.

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History of this topic

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts
1 month, 1 week ago

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts

Deccan Chronicle  

New Delhi: Global rating agency Moody’s Ratings on Friday said that the Indian economy is in a sweet spot and projected a 7.2 per cent gross domestic product or GDP growth for India in 2024 with the mix of solid growth and moderating inflation. “Although the central bank shifted its monetary policy stance to neutral while keeping the repo rate …

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5 months ago

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Need to be vigilant on inflation front: MPC minutes
10 months ago

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New Indian Express  

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After many difficult quarters economic scenario turning more benign in terms of inflation, growth: MPC’s Varma
1 year ago

After many difficult quarters economic scenario turning more benign in terms of inflation, growth: MPC’s Varma

The Hindu  

Containing inflation and reviving growth remained the key concerns among Monetary Policy Committee members as evident in the minutes of the last meeting released by the Reserve Bank of India on Friday. “Current indications are that, after many difficult quarters, the economic environment is turning more benign in terms of both inflation and growth,” observed MPC member Jayant Varma. “The …

Tightrope walk: The Hindu Editorial on RBI holding rates
1 year, 2 months ago

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The Hindu  

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1 year, 2 months ago

RBI MPC Meet Next Week: The Dilemma Between Growth and Inflation

News 18  

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1 year, 6 months ago

RBI holds rates, vows to keep price stability

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India, on the basis of an assessment of the current and evolving macroeconomic situation, on June 8 decided to keep the policy repo rate under the liquidity adjustment facility unchanged at 6.50% The standing deposit facility rate remains unchanged at 6.25% and the marginal standing facility rate and the Bank Rate …

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1 year, 7 months ago

Inflation has moderated, but no room for complacency: RBI chief Shaktikanta Das

India Today  

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India's economic growth appears to be very fragile, says RBI Monetary Policy Committee member Varma
1 year, 9 months ago

India's economic growth appears to be very fragile, says RBI Monetary Policy Committee member Varma

The Hindu  

India's economic growth appears to be 'very fragile' and it may fall short of what the country needs to meet the aspirations of its growing workforce, RBI Monetary Policy Committee member Jayanth R. Varma said on February 26. While noting that high interest rates make private capital investment more difficult, Mr. Varma said the government is in fiscal consolidation mode, …

CPI Inflation Again Above 6%: Will RBI MPC Pause Repo Rate Hikes in April?
1 year, 10 months ago

CPI Inflation Again Above 6%: Will RBI MPC Pause Repo Rate Hikes in April?

News 18  

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Indian economic growth 'extremely fragile', needs all support: RBI Monetary Policy Committee member Jayanth Varma
2 years ago

Indian economic growth 'extremely fragile', needs all support: RBI Monetary Policy Committee member Jayanth Varma

The Hindu  

India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee member Jayanth R Varma said on December 23. Mr. Varma further said out of the four engines of growth for the economy, exports and government spending supported the Indian …

Stable shores in India only after 2023’s global storm
2 years ago

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Live Mint  

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2 years ago

RBI must keep playing it safe

Hindustan Times  

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Escalation of geopolitical tensions biggest risk to India's growth outlook: RBI Monetary Policy Committee member
2 years, 4 months ago

Escalation of geopolitical tensions biggest risk to India's growth outlook: RBI Monetary Policy Committee member

Firstpost  

The Reserve Bank in its latest MPC meeting in August had decided to increase the benchmark lending rate by 50 basis points to 5.40 per cent to quell inflation New Delhi: The biggest risk to India’s growth outlook is an escalation of geopolitical tensions, especially if these tensions spread to the Asian region, RBI Monetary Policy Committee member Jayanth R …

Biggest growth risk for India is geopolitocs, says RBI MPC member
2 years, 4 months ago

Biggest growth risk for India is geopolitocs, says RBI MPC member

Deccan Chronicle  

NEW DELHI: The biggest risk to India's growth outlook is an escalation of geopolitical tensions, especially if these tensions spread to the Asian region, RBI Monetary Policy Committee member Jayanth R Varma said on Wednesday. He further noted that the MPC is determined to bring inflation down close to the target rate of 4 per cent as quickly as possible …

RBI Bulletin: India's Inflation Still Elevated, May Need Monetary Policy Response
2 years, 4 months ago

RBI Bulletin: India's Inflation Still Elevated, May Need Monetary Policy Response

ABP News  

India’s inflation may still require a monetary policy response going forward as it remains above the target range even though it has eased in recent months, the Reserve Bank of India said in the monthly bulletin released on Thursday. The RBI said, “Inflation has edged down, but its persistence at elevated levels warrants appropriate policy responses to anchor expectations going …

RBI to remain flexible while aiming to tame inflation: Governor Shaktikanta Das
2 years, 5 months ago

RBI to remain flexible while aiming to tame inflation: Governor Shaktikanta Das

The Hindu  

Reserve Bank of India will continue calibrating policy to preserve and foster macroeconomic stability while bringing down inflation and will remain flexible in its approach, Governor Shaktikanta Das said on Saturday. The global economy is going through an uncertain time and concerns around growth and inflation persist, but the central bank believes that there could be some respite from rising …

Inflation pressures weigh heavily on Asia
2 years, 5 months ago

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China Daily  

A customer buys food at a market in Bangkok, Thailand, in April. LUKE DUGGLEBY/BLOOMBERG VIA GETTY IMAGES Latest US Fed rate rise does not ease pain of soaring prices, economists say Hit hard by the COVID-19 pandemic and rising oil and food prices, Asia is experiencing a wave of inflation that will hurt livelihoods and the economy, according to experts. …

On inflation, the government and the RBI are walking a tight rope
2 years, 7 months ago

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The Hindu  

The off-cycle meeting of the Monetary Policy Committee on May 2 and May 4 and its decision to raise the repo rate to 4.4% sends a clear signal that the Reserve Bank of India is committed to its mandate of keeping the consumer price index inflation rate at 4% with an upper and lower band of plus or minus 2 …

RBI not ‘behind the curve’ in hiking rate; never wise to overreact to shocks: Ashima Goyal
2 years, 7 months ago

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The Hindu  

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‘Inflation is the biggest challenge now’
2 years, 7 months ago

‘Inflation is the biggest challenge now’

The Hindu  

Inflation is now the biggest challenge for India’s policy makers rather than the U.S. Federal Reserve’s taper programme and measures like interest rate increases to stem rising prices could dent the fledgling consumption demand recovery from the pandemic not just in India but globally, a senior official said on Wednesday. “The nearly 7% inflation print for March came four days …

Asia facing ‘stagflationary’ risks, IMF official warns
2 years, 7 months ago

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Al Jazeera  

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RBI lending rates remain the same, inflation projection raised
2 years, 8 months ago

RBI lending rates remain the same, inflation projection raised

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on April 8, based on an assessment of the macroeconomic situation and the outlook, voted unanimously to keep the policy repo rate unchanged at 4%. “The MPC also unanimously decided to remain accommodative while focussing on withdrawal of accommodation to ensure that inflation remains within the target going forward, while …

Retail inflation touches a 7-month high in Jan; exceeds RBI’s upper tolerance band
2 years, 10 months ago

Retail inflation touches a 7-month high in Jan; exceeds RBI’s upper tolerance band

Live Mint  

Retail inflation accelerated to a seven-month high in January, led by elevated prices of food and manufactured goods, breaching the Reserve Bank of India’s upper tolerance band of 6% for the first time since June, official data showed. Wholesale inflation, on the other hand, further eased to a three-month low in January after touching a series high in November due …

RBI says inflation is on track to meet projections
3 years, 4 months ago

RBI says inflation is on track to meet projections

Live Mint  

Inflation is likely to remain within the Reserve Bank of India's projected levels for the rest of the year, it said on Tuesday while highlighting that inflation containment comes at the cost of economic growth. Earlier this month the RBI raised its 2021/22 inflation forecast to 5.7% from 5.1% and reiterated that it will continue to keep monetary policy accommodative …

India's Inflation at 'Uncomfortably High' Level, Says Moody's Analytics
3 years, 8 months ago

India's Inflation at 'Uncomfortably High' Level, Says Moody's Analytics

News 18  

India's inflation is at "uncomfortably high" level, which is an exception among Asian economies, Moody's Analytics said on Tuesday. Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody's Analytics, a financial intelligence company. Core inflation was up 5.6 per cent in February, from 5.3 per cent in January, …

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