The October policy reflects a careful recalibration: prioritising price stability without derailing an economy that continues to demonstrate resilience in the face of global headwinds.
The combination of a 15 per cent national deficit, a 28 per cent southern shortfall and the monsoon’s early withdrawal has turned what was once a forecast risk into a lived crisis for millions dependent on rainfed agriculture.
BCG says that policymakers and businesses alike will need strategies that address both the scale of the rural middle class and the constraints facing households that have slipped downward if the gains of recovery are to become more widely shared.
Earlier assessments have similarly stressed that without accelerated action, high levels of hunger could persist for generations in the most affected regions.
BCG says that policymakers and businesses alike will need strategies that address both the scale of the rural middle class and the constraints facing households that have slipped downward if the gains of recovery are to become more widely shared.
Earlier assessments have similarly stressed that without accelerated action, high levels of hunger could persist for generations in the most affected regions.