Related by context. Frequent words. (Click for all words.) 40 macro economic 37 rupee appreciation 36 macroeconomic 35 macro 35 export oriented 32 FDI inflows 32 Macroeconomic 32 macroeconomics 31 socio 31 prudential 31 upward bias 29 sectoral 29 FDI 27 capex 27 macroeconomic stability 26 inflationary expectations 26 corporate governance 26 deleveraging 26 flattish 26 global 25 emerging markets 25 external shocks 25 liberalization 25 forex 25 capacity utilization 25 cyclicality 25 socio economic 24 geo political 24 regulatory frameworks 24 inflationary pressure 24 NPLs 24 outturn 24 GDP 24 downward revision 24 counter cyclical 24 recessionary 23 deflationary 23 nominal GDP 23 poverty alleviation 23 ample liquidity 23 deceleration 23 deflationary pressures 23 inflationary 23 monetary policy 23 forex reserves 23 structural reforms 22 economies 22 poverty eradication 22 capital inflows 22 slowdown 22 expansionary 22 monetary easing 21 stimulus packages 21 financial 21 disinflation 21 monetary tightening 21 liquidity 21 fundamentals 21 sector 21 inflationary pressures 20 accommodative monetary policy 20 economic 20 budgetary 20 decelerating 20 inflation 20 Eurozone 20 tightening monetary 20 geopolitical 20 outperformance 20 Chief Economist 19 newsflow 19 downside risks 19 economics 19 volatility 19 euro zone 19 tighten monetary 18 investor sentiment 18 commodity prices 18 outlook 18 profitability 18 fiscal 18 Inflation 18 diversification 18 markets 18 deflation 18 equities 18 currency 17 underlying fundamentals 16 tame inflation 16 gross margin 16 growth 16 interest rates 15 economy 15 risk appetite 15 cyclical downturn 15 headwinds 15 market 15 tighter monetary 14 downturn 14 sovereign debt 14 economic downturn