ICRA's Nayar Reacts to India's CPI Print

The video discusses recent CPI data trends, highlighting a rise to 7% in August and expectations for further increases. It examines the implications for RBI's monetary policy, suggesting a potential rate hike. The current account deficit is analyzed, with predictions of moderation in the second half of the year. The video also covers the economic outlook, including trade balance and export trends, and concludes with a positive forecast for the upcoming sowing season due to favorable rainfall and reservoir levels.

What are the expectations regarding the inflation projection for FY23?

What is the anticipated impact of the upcoming sowing season on inflation and food prices?