Omicron poses limited downside to Indian economy, say economists ✔️ Stratford Management Tokyo Japan

January 19, 2022
Posted by: Stratford Team
Category: Economy

<a href=”https://tmsnrt.rs/33r57ny”>Reuters poll graphic on India economy and budget outlook:</a>
<a href=”https://tmsnrt.rs/3GFvXXA”>Reuters poll graphic on India growth, inflation and interest rate outlook</a>

BENGALURU, Jan 19 (Reuters) – There is scant downside risk to the Indian economy in the last months of this financial year from the Omicron coronavirus variant, according to economists polled by Reuters who said New Delhi should focus on fiscal prudence in its February budget.

Asia’s third-largest economy is in the midst of a resurgence in coronavirus cases driven by the new variant that has forced most states to impose localised restrictions.

The Jan. 11-18 poll of over 45 economists forecast 5.0% economic growth this quarter, a sharp downgrade from the 6.0% given in December, finishing the year at 9.2% compared with 9.5% in the previous month’s poll.

But nearly two-thirds of those…