Former IMF official Gita Gopinath predicts India's economic growth could slow to 6% due to elevated oil prices and prolonged West Asian tensions. She advises supply-side reforms and renewable energy to boost investment and India's global supply chain role.
Gita Gopinath, former IMF Deputy Managing Director, believes the RBI will likely hold interest rates steady, balancing inflation risks from oil prices and currency depreciation against softer economic activity. She supports the RBI's approach to managing the rupee amid global disruptions.
Former IMF Deputy Managing Director Gita Gopinath projects India's economic growth at 6.5% for the year, citing risks from West Asian geopolitical tensions. She warns that while inflation is currently contained, persistent supply chain disruptions could impact food prices and interest rates.
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.
