The grim outlook for growth is being driven in part by high inflation, which has triggered sharp monetary tightening across many economies.
An SBI research report said the Indian markets have, however, performed much better. Specifically, the rupee has been holding remarkably well with RBI intervention supporting it in the market.
The British pound fell to a record low against the U.S. dollar of $1.0373 on Monday amid investor concern about the government's policies.
Like several other central banks, the main focus of the RBI during the three-day-long meet will again remain on containing high inflation.
Price hike and inflation has made Durga Puja a costly affair for festival organisers of the district this year.
Retail inflation in India had touched 7 per cent in August as against 6.7 per cent in July due to rise in food prices.
S&P Economist Vishrut Rana said the rupee may continue to see volatility in the coming days, but India has 'substantial buffer' to withstand foreign fund outflows.
In its Economic Outlook for Asia Pacific, S&P said India's growth next year will get support from domestic demand recovery after the coronavirus pandemic.
As persistently high inflation hurts everyone, the size of the retirement corpus also grows.
Bangladesh’s economic miracle is under severe strain as fuel price hikes amplify public frustrations over rising costs for food and other necessities.
The decision highlights Turkish policymakers' strong focus on economic growth nine months before a general election that polls show President Recep Tayyip Erdogan is on track to lose.
Surging inflation is a worry for central banks because it eats away at consumers' purchasing power.
This comes following a net investment of Rs 51,200 crore in August and nearly Rs 5,000 crore in July, data with depositories showed.
India's rice production could fall by 10-12 million tonnes during the Kharif season this year due to a fall in paddy sowing area, Food Secretary Sudhanshu Pandey had said earlier this month.
Its economists, however, assured that it’s ‘not all doom and gloom,’ and urged policymakers to shift focus from consumption to production.
At this critical juncture, the authors said, monetary policy has to perform the role of nominal anchor for the economy as it charts a new growth trajectory.
The Indian economy is poised to shrug off the modest tapering of growth momentum in the first quarter of 2022-23, it said.
Even more unnerving is the popular hypothesis and perception that the burgeoning wealth of the billionaires is a direct offshoot of favourable government policies.
The decline in the headline WPI inflation in the month was largely due to a fall in fuel and power inflation.
The Wholesale Price Index-based inflation was 13.93 per cent in July and 11.64 per cent in August last year.