Nomura has forecast inflation at 5.8% in FY'23 higher than the RBI’s projection of 4.5%. It argues that higher inflation could be counterproductive to growth as there could be diminishing returns to growth from a continued high inflation tolerance. This is because higher inflation is not conducive to durable growth because, while it can lift some sectors like housing, it also leads to financial repression, squeezes real disposable incomes and creates a more volatile investment return environment for firms.from Stocks-Markets-Economic Times https://ift.tt/ucaZP4V
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