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India better placed than many others to avoid stagflation: RBI article

The article noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and financial market volatility have led to heightened uncertainty

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Press Trust of India Mumbai
India is better placed than many other countries to avoid the risks of a potential stagflation amid an increasingly hostile external environment, as per an RBI article on the state of the economy.
 
The article, published in the RBI's June bulletin, noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and financial market volatility have led to heightened uncertainty.
 
"In the midst of this increasingly hostile external environment, India is better placed than many other countries in terms of avoiding the risks of a potential stagflation," said the article authored by a team led by

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First Published: Jun 16 2022 | 6:53 PM IST

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