BS BFSI Summit: Economists prioritise local inflation over Fed policy

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In response to a query on food inflation, the Fed's influence, and India's stance on decoupling, Ghosh emphasised food inflation as a persistent and complex challenge in India.

Citing data from recent years, Ghosh argued that India’s currency and interest rates have increasingly aligned with domestic fundamentals rather than reacting solely to global fluctuations.“Most of these numbers are now relatively immune to global developments because they have evolved over time,” he said, underscoring the view that India’s economic metrics remain stable in the face of international volatility.

Most economists believe that the monetary policy would be more dependent on local factors such as food inflation than on rate changes by the US Federal Reserve.

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Category: BusinessFinance

Markets: India

Topics: US Federal Reserve Inflation Business Standard BFSI Summit ICRA Bs events BFSI Monetary policy

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 21:11:34 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 845 words

Reading Time: 5 minutes read

Sentences: 24 lines

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Copyright Owner: © Business Standard

News ID: 23471479

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