A study on US recessions over the past 50-odd years by Nirmal Bang suggests that recessions caused by the Federal Reserve are not uncommon. A saving grace is that recessions caused by Fed tightening are usually shallow and short-lived, and have lasted 1-3 quarters with the average decline in GDP well under 1 per cent. Here’s how a US recession may impact India.
IndiGo profit falls on higher cost on older planes
The airline was forced to induct older planes due to grounding led by issues of Pratt & Whitney engines