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Tuesday, March 5, 2024

India’s central bank will look at inflation and state of economic recovery for future policy decisions

  • The Reserve Bank of India has kept interest rates unchanged since May due to inflation pressures.
  • The coronavirus pandemic and a months-long national lockdown pushed India into two consecutive quarters of contraction since April.
  • The World Bank recently predicted India's economic growth to recover to 5.4% in 2021 but said, "the rebound from a low base is offset by muted private investment growth given financial sector weaknesses."

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