India’s monetary policy: The RBI did what was apt amid a war haze that will take time to clear up
Whether overall capital formation can regain its past record, however, remains unclear. The farm sector’s prospects, meanwhile, seem clouded by the possibility of El Niño dryness this year that may hurt post-monsoon harvests; freak rainfall in the north may already have hurt spring crops. On the whole, this may impact inflation more than output.
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