Some observations
1. What comes as a pleasant surprise is the continued strings of green whether currency in circulation,Credit growth,CP issuances, PMI index or even Capital good import.Call me a skeptic, but I am still not sure whether broad economic recovery is underway or simply inventory buildup as a marging of safety,incase there is an escalation in trade war.
2. The food inflation continues to put downward pressure on overall inflation but core inflation continues to be stubborn
3. Monetary policy going forward will give more consideration to financial stability than just inflation numbers.
