The enervating Goldilocks presumptions: 7 takeaways for Indian markets
The strength of wage growth, asset price inflation, and the lingering impact of the post-Covid dole-outs have kept household demand above potential, thereby sustaining the high inflation. Additionally, the federal government fiscal expansion, rising 61% YoY to $1.52 trillion (Oct’22-Aug’23, projected at $1.9 trillion in FY24), is creating another round of demand impulses.
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