The RBI says global slowdown will be milder than earlier anticipated, but its trajectory remains unpredictable.

The government has already advised Indian exporters not to let their guard down even though fears of a deep recession settle into a softer territory. A word of caution to exporters with respect to preparing for the slowdown and climate tariffs from other countries has also been sounded by the Ministry of Finance.

At a post-budget interaction with industry body Assocham on Wednesday, Finance Minister Nirmala Sitharaman told exporters to keep their ears on the ground and constantly engage with the government ahead of uncertainties. The Reserve Bank’s January bulletin, released on Friday, allayed fears of a strong recession, saying the global slowdown would be milder than earlier anticipated, but its traject

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