The biggest risk to India’s growth story is not the coming recession
The biggest risk to India’s growth story is not the coming recession, While India isn’t at risk of a recession due to rising borrowing costs, excessive monetary tightening can expose the economy to below-potential growth that can cripple job creation and productivity, warns a rate-setter. “What I am worried about is sub-par growth after two lost years,” Jayanth Rama Varma, a member of the Reserve Bank of India’s rate panel, said in an email interview,…