INSUBCONTINENT EXCLUSIVE:
The S-P Global Ratings on Monday pared down its FY23 economic growth forecast for India to 7 per cent from 7.3 per cent estimated in
impact on domestic demand-led economies such as India, Indonesia, and the Philippines
fallen in Asian emerging markets even after adjusting for valuation changes, and the strain on Asian forex would continue into 2023 as the
losses attributable to valuation changes (of $30 billion)
policy decisions had generally been in line with core inflation developments and although most of the increase in inflation in the region
FY23 and come down to 5.5 per cent in FY24
The relaxation will likely be gradual and will probably initially weigh on the economy as high caseloads make people reluctant to venture
But the change in policy stance should eventually boost confidence and organic activity
