Best of BS Opinion: Growth, inflation & recovery, Chinese dependence, more

Here is the best of Business Standard's opinion pieces for today

An overall picture – monetary policy, volatile global landscape, and eastern India’s revival

Tamal Bandyopadhyay: Unless global growth takes a severe beating, volatility tightens its grip on the markets persistently, and the US Federal Reserve goes for a deeper rate cut in September, a rate cut by the Reserve Bank of India is almost ruled out in calendar year 2024. There could be a change in stance though.

T T Ram Mohan says we have to reckon with serious constraints from outside to growth and stability. The Economic Survey’s conservatism may turn out to be justified.

Amit Kapoor and Sheen Zutshi look at revival in eastern India.

The first edit agrees with the central bank’s position on monetary policy. The second edit looks at India’s quandary in dealing with China, given the need for integrating with the global value chain.

QUOTE

 

He will remain in the mind of the people... he will be remembered for his work.

 

West Bengal Chief Minister Mamata Banerjee on her predecessor, Buddhadeb Bhattacharjee