18th July 2019
ModiNomics 2.0 Agenda

18th July 2019

Macroeconomic stability is a precondition for growth. While, the key macroeconomic indicators pose no significant challenges at the moment, there's never any room for complacency. Recent episodes such as the rupee's fast-paced depreciation in 2018 are a useful reminder of how sudden shocks, such as on account of a spike in oil prices, quickly bring into play structural factors-of which the main factor is the economy's dependence on net oil imports-sending macroeconomic parameters into the 'worry' zone.

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