Macroeconomic and Monetary Developments Third Quarter Review 2011-12

Reserve Bank of India Rbi

Working Papers from eSocialSciences

Abstract: The Growth outlook has weakened as a result of adverse global and domestic factors that have been mentioned above. Business and consumer confidence has been impacted. Professional forecasters now see a weaker growth in the economy. However, inflation and expectations of inflation remain high and upside risks emanate from exchange rate pass-through, revisions in administered prices and higher-thanexpected current fiscal spending. Consequently, monetary actions will need to strike a balance between risks to growth and inflation. [RBI]. URL:[http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/M2D210112FL.pdf].

Keywords: Price Situation; inflation; Financial Markets; Indian Economy; developments; Global commodity prices; Aggregate Demand; investment; currency pressures; MACROECONOMIC; monetary policy (search for similar items in EconPapers)
Date: 2012-01
Note: Institutional Papers
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