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India Chart Pack (Nov. 2023)

Our India Chart Pack has been updated with the latest data and our analysis of recent developments.

India’s economy continues to show resilience this year and annual GDP growth is likely to come in stronger than the 6.3% we had been forecasting. While inflation is well within the RBI’s tolerance range, the renewed surge in food prices in November is a growing cause for concern. Another sharp rise in food price inflation would prevent the RBI from cutting interest rates until the second half of next year, much later than most other major EMs.

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