Economic Survey factors challenges posed by geopolitics and climate change. Budget should lay ground for strategic policy move on infrastructure, energy
Even though monetary policy has limited capacity to address these issues, it cannot ignore persistently high food prices if it wants to achieve its goal.
Survey touches upon wide-ranging aspects that will shape outlook in coming fiscal year and medium term. How much of that will be a pre-election year Budget foreground? We are about to find out
Dharmakirti Joshi, Pankhuri Tandon write: So far, it has not responded to high inflation. But recent trends will persuade it to turn focus back on prices.
If this trade war continues over a longer horizon, it could even result in shift of production bases and restructuring of global supply chains. Chinese firms are already moving production to their plants in other countries. India figures in the list of such probables.
