India performing significantly better in cost of living: SBI report

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Though the cost of living deteriorated in the aftermath of the global mayhem, India is still performing significantly better relative to nations ‘supposed to be the epitome of sound macro management’, a State Bank of India report said. Despite global uncertainties, India seems to have done quite well in managing cost of living compared with others, it noted.

The US job market is still quite strong and the Federal Reserve may have to do a little more rate hikes to have a firm grip on labour market, SBI said in its latest Ecowrap report.

Though the cost of living deteriorated in the aftermath of the global mayhem, India is still performing significantly better relative to nations ‘supposed to be the epitome of sound macro management’, a State Bank of India report said. Despite global uncertainties, India seems to have done quite well in managing cost of living compared with others, it noted.

India remained remarkably resilient with 72 per cent of the $14.7 billion capital outflows till July 29 in fiscal 2022-23 having already been recovered. Portfolio inflows in FY23 in November have been strong at $4.1 billion and are still counting.

Fibre2Fashion News Desk (DS)


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