ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Fiscal–Monetary Interface and Green Bonds

If the Reserve Bank of India hikes the policy rates against the backdrop of the mounting geopolitical risks and infl ationary pressures, the growth recovery process may slow down. At the same time, keeping the status quo on policy rates for a prolonged period could catalyse the de-anchoring of infl ationary expectations. The Union Budget 2022–23 has accommodated high fi scal defi cits and has emphasised on “crowding-in” effects of public infrastructure investment. The intensity of global macroeconomic uncertainties on economic recovery in India can be lessened through sustainable fi scal and monetary policy coordination.

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Updated On : 26th Mar, 2022
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