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.
“There is nothing called sitting on cash because this is a bull market. You will have enough opportunities maybe coming your way but you have