The backward-looking household survey does not capture the full picture, thus leading to elevated inflation projections and consequent policy error.
The Reserve Bank of India has signaled it's unlikely to give much clarity on bond purchases that could replace a short-term liquidity deficit with durable liquidity.
The key takeaway - the pickup in growth, without demand-pull inflationary pressure in the economy, supports our thesis that reforms have lifted India's potential growth, and activity ahead is like...
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