<span style="color: rgb(0, 0, 0); font-family: &quot;open sans&quot;, Arial; font-size: 17px;">India has become a founding member of an Alliance for Poverty Eradication at the UN, launched by the President of the General Assembly, aimed at focussing on efforts to boost global economy in the aftermath of the COVID-19 pandemic.</span>

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This 2nd-gen entrepreneur aims to make Amawat a household

Microsoft

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			MUMBAI (Reuters) - India&#39;s monetary policy committee is likely to deliver the expected 25-basis point (bps) rate hike in April, even as global markets lowered rate hike bets from the U.S. next week following the banking crisis, economists said on Tuesday.</div>
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			India&#39;s headline and core inflation has been unrelenting, with data post market close on Monday showing annual retail inflation remained above the Reserve Bank of India&#39;s (RBI) upper limit, easing only slightly from January&#39;s 6.52%.</p>
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			&quot;We expect the focus to remain on reducing inflation, both globally and in India,&quot; Gaura Sen Gupta, economist with IDFC First Bank, said on Tuesday.</p>
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			&quot;Policymakers are likely to use other tools to ringfence financial institutions and use rate hikes to tame inflation.&quot;</p>
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			Globally, investors scrambled to pull down rate expectations on Monday and abandoned bets on the Federal Reserve pushing through bigger hikes, reckoning the biggest American bank failure since the 2008 financial crisis will make policymakers think twice.</p>
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			&quot;We continue to expect the RBI to hike policy rates by 25 bps in April. The January and February prints will only increase the (RBI&#39;s) concerns on core inflation showing persistence,&quot; said Sen Gupta.</p>
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			Economists said the February inflation print has significantly raised the probability of the central bank&#39;s 5.7% inflation projection for the quarter ended March 2023 being missed.</p>
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			&quot;Overall, the worst period of high inflation is likely behind us. We expect March inflation to come around 6% and to retreat toward 5% in the coming months,&quot; Motilal Oswal analysts wrote in a note, saying the 25-bps hike in April was a &quot;given&quot;.</p>
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			Investors and economists will closely monitor the U.S. consumer price index print due later on Tuesday and the Fed policy outcome on March 22.</p>
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			Both will be critical inputs for the RBI monetary policy committee&#39;s meeting on April 3-6.</p>
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			&quot;The RBI will continue to remain non-committal on the future rates path, as the fluid global situation demands frequent macro re-assessments,&quot; Madhavi Arora and Harshal Patel, economists at Emkay Global wrote in a note.</p>
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This 2nd-gen entrepreneur aims to make Amawat a household...

This 2nd-gen entrepreneur aims to make Amawat a household

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