The Jackson Hole Economic Symposium is an annual meeting of central bankers, economists, and financial market participants held in Jackson Hole, Wyoming. The 2023 Jackson Hole Economic Symposium was held on August 24-26, 2023, and the topic was "Structural Shifts in the Global Economy." The symposium featured speeches by central bankers from the United States, Europe, and Japan, as well as papers by economists on the topic of structural change.

Market risk is the risk that the value of an asset will decline due to changes in market conditions. This can be caused by a variety of factors, such as changes in interest rates, inflation, or economic growth. The US economy is particularly vulnerable to market risk due to its large and open financial markets. The Federal Reserve has been raising interest rates in an effort to combat inflation. Currently, the interest rate stands at 5.25% in the United States which is the highest in 22 years and the repo rate in India at 6.5%.

Q1. What are the specific examples of how market risk and increased interest rates could impact the Indian economy? Q2. How can businesses and investors prepare for the risks of market volatility?