 "Economy")
Rating agency Standard & Poor’s (S&P) on Tuesday said high-frequency indicators suggest a strong rebound during the July-September quarter after a steep contraction in activity in the previous three months on the back of a severe Covid-19 wave.
However, it warned that domestic macro indicators remained weak, though recovering.
In its latest outlook on Asia Pacific, the agency cautioned against the impact of faster-than-expected tapering, saying it could cause capital flow risks as monetary policy in India remains highly accommodative with real interest rates in negative territory.
It expected a hike in the policy rate by the Reserve Bank
