Newsletter – September, 2022

With each passing day, global economy is in a higher risk of sliding into a recession. The ongoing war has disrupted the supply chains, which were already reeling from covid disruptions. Record high inflation globally is resulting in lower spending power of customers. To combat inflation, central banks are tightening rates, at a time when demand is weak. While the global economy is struggling, with the on-going war, record high inflation and tepid demand, India’s economic indicators are showing no signs of weakness. CPI inflation eased to 6.7% YoY in July and is expected to further ease in the coming months as food inflation softens.