World economy is in the eye of a new storm and no one is insulated from it: Shaktikanta Das

"In the last two and a half years, the world has witnessed two major shocks-- the Covid-19 pandemic and the conflict in Ukraine. These shocks have produced profound impact on the global economy. As if that was not enough, now we are in the midst of a third major shock -a storm -arising from aggressive monetary policy actions and even more aggressive communication from advanced economy central banks like the US Fed," Das said in his policy address.

World economy is in the eye of a new storm and no one is insulated from it: Shaktikanta Das
"In the last two and a half years, the world has witnessed two major shocks-- the Covid-19 pandemic and the conflict in Ukraine. These shocks have produced profound impact on the global economy. As if that was not enough, now we are in the midst of a third major shock -a storm -arising from aggressive monetary policy actions and even more aggressive communication from advanced economy central banks like the US Fed," Das said in his policy address.