STARTUP LEGAL28 Sept 2026
Tailwinds under-appreciated, India can absorb global shocks and grow: DBS Bank group chief economist Taimur Baig | Company Business News
DBS Bank's chief economist Taimur Baig says India and the world are handling shocks better than we think. Strong consumption and steady growth are offsetting war and inflation worries. India is growing at 6.5-7% even without big monetary or fiscal support. For borrowers, one caution: analysts expect the RBI may raise rates by 25 basis points to 5.5% in October.
Key Statutory Highlights
- Retail inflation hit a 20-month high of 4.82% in August, though it stayed inside the RBI's 2-6% comfort band.
- Some analysts expect the RBI to raise its benchmark lending rate by 25 basis points to 5.5% at its October policy review.
- Baig says global growth will be well over 3% this year, and India is on a 6.5-7% growth path.
Actionable Advice for Taxpayers / Founders:If you are planning a fresh loan or a big purchase on credit, keep some cushion in your budget for slightly higher interest costs, since rates may move up in October. Speak to your lender or CA before locking a long-term loan.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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