Pol­icy Mon­i­tor

FICCI Business Digest - - Contents -

21 May 2018

With global oil prices once again spi­ralling up­wards, the macro- eco­nomic risks of higher in­fla­tion, higher trade deficit and pres­sure on bal­ance of pay­ments with at­tended con­se­quences for the ru­pee value have once again sur­faced, feels FICCI. Weak­en­ing ru­pee will fur­ther add pres­sure on the im­port bill. There is also a risk that mon­e­tary pol­icy may turn hawk­ish, which would, in turn, have a bear­ing on the growth of pri­vate in­vest­ments.

Un­less swift ac­tion is taken to ad­dress the sit­u­a­tion, the eco­nomic growth will again hit a speed­breaker. Amongst the most im­me­di­ate ac­tions that can be taken by the govern­ment is to bring down the ex­cise duty on fuel, says FICCI.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.