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inflation: India should be able to sustain growth rates of around 6.5% over 2023

Sep 07, 2023

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Wadia Group-owned airline Go First has sought approval to restart flights with 22 planes for the next five months. The Directorate General of Civil Aviation (DGCA) had asked for a resumption plan last week after meeting the Go First management.

Differences have emerged between the Tata Group and the founders of CaratLane over the valuation of the residual stake held by the founders, leading to a months-long deadlock, said people aware of the matter. India's largest omni-channel jewellery brand is majority owned by Tata Group company Titan.

Baring PE Asia EQT, Blackstone, Bain Capital, Advent International and TPG Capital have submitted non-binding bids to acquire a majority stake in India's largest fertility clinic chain, Indira IVF, said people with knowledge of the matter. The deal is expected to value the chain at ₹8,000-10,000 crore ($1-1.2 billion).

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The Indian market and market environment, economy, seems to be very happy right now. It appears that the global headwinds which we also had to face are dimming or at least going away. How are you looking at the environment today on the economic side versus say 8-10 months back? How much easing has already happened on the real issues when we come to the rates and inflation trajectory? And just seconding that view, I mean activity in India and we are looking at all macro indicators here is actually holding up pretty well right with the GDP now also above expectations. RBI clearly made that point that they are pretty much in pause mode but what could be the economic impact in India? What I wanted to understand is what is your sense on the FY24 GDP number considering that now we are working with a higher base? What about inflation, it has always been a niggling worry when it comes to India and would you say that it is much under control because those three digit figure days for oil seem to be way behind us? It seems pretty much under control. Besides El Nino and oil, could there be other downside risks to India at this current juncture? I definitely want to get your thoughts in on what your prediction on oil is because I don't think any economist can be only an economy watcher and not wear a commodity watchers hat right now. Where do you think oil is headed next? Wanted to also get in your take on what central banks across Asia in particular have been doing, given that they have been in pause mode. What is your outlook, given your inflation projections? Do you think that this is durable, and what is the expectation from the Reserve Bank?