According to global forecasting firm Oxford Economics, Indian economy post COVID lockdowns is been recovering fastly than expected  as evident by the rate easing cycle of Reserve Bank which has come to an end.

• Inflation is expected to be average i.e., above 6% in the fourth quarter of current fiscal.
• In monetary policy review meeting in December, RBI may hold policy rates.
• A rise in prices, in almost every broad category except fuel which saw pre-virus highs in October lead to rise in Consumer inflation.
• The retail inflation is pushed up to a nearly six and a half year to 7.61% in October by making vegetables and eggs costlier leading to be above the comfort zone of Reserve Bank. In September 2020, retail inflation stood at 7.27%.

Thus the increasing possibility of RBI’s easing cycle ending has given a robust bottom- up activity data suggesting the faster recovery of Indian economy said by Oxford Economics.