Date: 19th Jan 2022 | Publication: Ausbiz
Global economic data
The outlook for India in 2023 remains bright, despite the presence of some short to medium term clouds, which we will address in this factsheet. We also highlight the reasons behind India’s stellar economic and equity market performance relative to peers.
In late 2021 and 2022 markets were impacted due to concerns over global supply chains being tight and rising commodity prices which eventually led to rising inflation and wages. Rising inflationary expectations led to globally coordinated interest rate rises, led by the Federal Reserve in the US. Whilst initially believed to be transitory and caused by post Covid-19 recovery, inflation remained sticky with the potential of a more structural longer-term impact.