EGROW Webinar by Galina Hale

Presentation Slides

EGROW Webinar by Barry Eichengreen

Presentation Slides

ASSOCHAM & EGROW 17th SMPC on August 3, 2021

Key Takeaways

1. The overall GDP FY22 is expected to be 10% -/+ 1%, with downside risk higher because of the second wave.
2. Inflation likely to remain elevated around 6 per cent.
3. Nationwide third wave is highly unlikely unless there is a new mutation.
4. Construction intensive infrastructure will pick up soon to stimulate private investment
5. Policy interest rate retained in US, UK, Euro but raised in Russia, Brazil.
6. Rural sector not as insulated as in the first wave.
7. The gross NPAs could increase in the next few months.
8. Need to be alert to capacity destruction & capital depletion in informal sector.

Recommendation of EGROW Shadow MPC

Members of EGROW SMPC - 4
Repo Rate - Retain at 4 percent - 4 members

Non Members – 3
Repo Rate- Retain at 4 percent – 3

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Recent Events

Economic Spillovers and Contagion

on 24-Sep-2021

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Read the Working Paper