US Fed tightening to impact India for 12 quarters: RBI Paper
In its last monetary policy, RBI projected the GDP growth at 7% for FY23 and 6.4% for FY23. The central bank expected inflation to be at 6.5% for FY23, higher than its upper tolerance band of 6%. The International Monetary Fund projected global growth at 2.9% in 2023 and 3.1% in 2024.