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Export less of a drag on growth?
Inflation is likely to continue firming up gradually on the back of higher food and fuel prices but will continue to remain within RBI’s comfort zone, says Abhishek Goenka.
Heading into 2018, we are in a phase of synchronised global growth. Business sentiment and consumer confidence is on the rise, generally across major economies. The year 2017 has been an exceptional year for risk assets, especially equities. Major equity indices have hit new all time highs. Low inflation and wage growth in developed economies, uncharacteristic of this phase of economic cycle has allowed central banks to withdraw accommodation gradually.
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