First half slowdown behind us, private spends back in full swing: RBI bulletin

EVEN as admitting that the global economy is lurching towards protectionism with Donald Trump getting back to White House with more radical plans, the in-house economists at the Reserve Bank believe that the domestic economy is insulated from all these headwinds and is on course for a strong growth this fiscal and that the slowdown seen in the first half of the fiscal are behind us.

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The bulletin, at the same time, also warns against going soft on inflation saying this can scupper all the hard earned gains made in recent years saying uncontrolled price rise can undermine prospects of real economy if allowed to run unchecked. In an article edited by the deputy governor Michael Debabrata Patra and his team of economists as their personal views, and published in the RBI November bulletin on Wednesday, they said "the slack in speed (of GDP growth) observ