India’s ‘Sugar High’ Warrants Caution on RBI Hikes, Aziz Says

Jahangir Aziz, chief economist at JPMorgan Chase & Co., stated that India's economic growth may be temporary and driven by earlier stimulus measures. Aziz cautioned that financial markets may be overestimating the number of interest-rate increases the Reserve Bank of India will implement. He did not provide a specific timeline for when the stimulus effects would diminish or specify how many rate increases markets were pricing in.

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