US recession set to impact India, may lead to growth slowdown in medium-term

The impending growth slowdown in the United States is set to hamper the growth trajectory of India in the medium term, analysts say. In the medium term, with a ‘prolonged mild recession’ in the US, as the firm has forecasted, India’s economy is likely to see a growth slowdown. Growth challenges exist already, with India being the only Asian country whose inflation is furthest above its target.

US recession set to impact India, may lead to growth slowdown in medium-term
The impending growth slowdown in the United States is set to hamper the growth trajectory of India in the medium term, analysts say. In the medium term, with a ‘prolonged mild recession’ in the US, as the firm has forecasted, India’s economy is likely to see a growth slowdown. Growth challenges exist already, with India being the only Asian country whose inflation is furthest above its target.