Deveshwar: India's Growth To Slow In 2H/FY23

The transcript discusses the challenges India faces with inflation and growth, particularly in light of the Russia-Ukraine conflict. It highlights the Reserve Bank of India's focus on growth despite rising inflation and the impact of oil prices on government revenue. The discussion also covers currency depreciation, capital flows, and the potential consequences of a rupee-ruble trade deal with Russia, including international reactions and sanctions.

What has intensified the growth-inflation tradeoff for India?

• The Central Bank's policies

• The situation in Russia and Ukraine

• The global economic slowdown

• The rise in domestic demand

What has been the focus of the Monetary Policy Committee in India?

• Reducing inflation

• Promoting growth

• Stabilizing the currency

• Increasing exports

What has been the impact of steady oil prices in India?

• Stable petrol pump prices

• Increased inflation

• Higher government revenue

• Reduced foreign investment

What might the Indian government need to do in response to rising global oil prices?

• Cut excise duties

• Raise interest rates

• Reduce public spending

• Increase excise duties

What has contributed to the depreciation of the Indian rupee?

• Rising oil prices

• Stable inflation rates

• Higher domestic savings

• Increased foreign investment

What is a potential consequence of India's rupee-ruble trade with Russia?

• Higher domestic inflation

• Criticism from other nations

• Increased foreign investment

• Improved relations with Western countries

What has been a recent criticism of India at the UN?

• Voting against Russia

• Abstaining from voting against Russia

• Supporting Ukraine

• Opposing global sanctions