India is at low risk of recession: RBI governor Shaktikanta Das

Speaking of the soaring inflation pressure around the world, Das noted that the advanced economies with systemically important inflation ended up being enduring rather than passing through.

RBI Governor said, “Spillovers to EMEs (emerging market economies), and to India, were in the form of capital outflows, depreciation pressures on currencies, reserve losses and imported inflation.”

[Via]

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