South Asia returns to the top of the regional growth outlook, according to two-thirds of the World Economic Forum's chief economists who were surveyed. They expect strong (60 per cent) or very strong (6 per cent) growth, a substantial improvement compared to 31 per cent in the September edit
India's much-discussed "Goldilocks" economic narrative is increasingly showing signs of strain, with weak tax buoyancy and shrinking fiscal space creating a policy gridlock, according to a report by Systematic Research.
The Reserve Bank of India (RBI) on Friday lowered the repo rate by 25 basis points to 5.25 per cent, a move widely anticipated by markets and interpreted by analysts as a supportive step amid easing inflation and global uncertainties.