India unlikely to slip into recession despite West Asia conflict
Business
Even with the ongoing West Asia conflict, India isn't expected to slip into a recession.
Madan Sabnavis, chief economist at Bank of Baroda, shared that while growth might slow a bit, from about 7.2% to 7%, the country will still avoid two straight quarters of negative growth (which is what counts as a recession).
Higher oil could push rates 75bps
Prices could rise if oil gets more expensive, which might push up interest rates by up to 75 basis points. That could make everyday spending feel tighter for many households.
The rupee is likely to settle around 95 per dollar, and jobs should remain steady overall, though export and tech sectors might see some bumps due to global uncertainty.