India's Growth Projected at 6.5% This Year Amid West Asia Risks: Gita Gopinath
Former IMF Deputy Managing Director warns of inflation pressures as companies absorb costs; food prices may rise with prolonged disruptions
Quick Look
- Former IMF Deputy Managing Director Gita Gopinath told ET NOW that India's economy is projected to grow at 6.5% this year, despite global risks from West Asia impacting growth.
- While inflation is currently managed as companies absorb higher costs, this situation may not be sustainable.
- Food prices could rise if disruptions persist, and central banks may delay interest rate cuts.
AI-generated summary
Former IMF Deputy Managing Director Gita Gopinath told ET NOW that India's economy is projected to grow at 6.5% this year, despite global risks from West Asia impacting growth. While inflation is currently managed as companies absorb higher costs, this situation may not be sustainable. Food prices could rise if disruptions persist, and central banks may delay interest rate cuts. Oil shocks will affect multiple economic sectors.