India Can Digest 50 Bps More Rate Hikes: Parag Thakkar
India's economy can comfortably absorb up to 50 basis points of additional interest rate hikes, provided they are delivered gradually in two 25 bps moves, according to Parag Thakkar, Head and Fund Manager at Fort Capital. Speaking to NDTV Profit, Thakkar said consumption, capital expenditure and overall economic activity are unlikely to be derailed by such tightening, but cautioned that rates rising beyond 50 bps would point to a far more serious economic challenge.
