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Macroeconomic and Monetary Developments Third Quarter Review 2011-12


  • Reserve Bank of India RBI


The Growth outlook has weakened as a result of adverse global and domestic factors that have been mentioned above. Business and consumer confidence has been impacted. Professional forecasters now see a weaker growth in the economy. However, inflation and expectations of inflation remain high and upside risks emanate from exchange rate pass-through, revisions in administered prices and higher-thanexpected current fiscal spending. Consequently, monetary actions will need to strike a balance between risks to growth and inflation. [RBI]. URL:[].

Suggested Citation

  • Reserve Bank of India RBI, 2012. "Macroeconomic and Monetary Developments Third Quarter Review 2011-12," Working Papers id:4737, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:4737
    Note: Institutional Papers

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