Opinion Best of BS: Macroeconomic adjustment, rationalization time, etc.

Here is the best of Trade standardThursday’s opinion pieces.

As part of Wednesday’s monetary policy action, our chief editorial notes that higher domestic interest rates, as well as negative spillover effects from the global economy, such as slowing global growth, rising commodity prices and tighter financial conditions, would affect growth prospects of the Indian economy. Read here

In other views:

Countries with an open and free trade policy will gain the most from the recovery in world trade, writes Shankar Acharya. Read here

Kanika Datta talks about two recent company announcements that offered a throwback to another era in Indian consumer markets. Read here


“During these tough and difficult times, the Indian economy has remained resilient, supported by strong macroeconomic fundamentals and buffers.”

Governor of the Reserve Bank of India Shaktikanta Das

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