Underlying risks in the global economy have not abated and there is still good reason to be worried about the future growth prospects of large economies. This was the clear message from IMF’s second bi-annual outlook released in October 2013. We cover this in the section on Global Trends in this month’s issue of Economy Matters.
In the section on Domestic Trends, we discuss the trends emanating out of the recent releases on Current Account, IIP and Inflation during the month of October 2013.
The Sectoral spotlight for this issue is on Food Processing, which has shown robust performance in the recent years owing to factors such as growing per capita income, large availability of raw materials, changing lifestyles, and conducive government policies.
In the Special Article, we discuss the key drivers and reasons behind high food inflation plaguing the economy currently.