India Macro Outlook: Oil Prices Ease, Rupee Stabilizes, But Inflation Risks Rise

India's economic outlook could improve in the coming months as crude oil prices and rupee volatility show signs of easing after months of pressure. While markets and policymakers may find relief from reduced external risks, concerns over inflation remain. Food prices could face upward pressure due to the expected impact of El Niño during the second half of the year. In this discussion, Rumki Majumdar, Economist, Deloitte, explains that while inflation challenges may persist, capital flows and import-related pressures could improve if global conditions remain stable. The conversation focuses on whether the worst phase of economic uncertainty is behind India and if the coming quarters can bring stronger macroeconomic stability, improved investor sentiment, and a more favorable environment for growth.