Standard Chartered Bank forecasts India’s GDP growth slowed to 6 percent in the Jan-March quarter, down from previous estimates of 6.5-7 percent. The data is due on 31 May.
Weak industrial output numbers, particularly the contraction in March, will have a bearing on GDP, given the weighting of about 20 percent.
A GDP slowdown to 6 percent will increase the urgency for authorities to act.
RBI likely to cut repo rate by 25 basis points to 7.75 percent at its 18 June review, comforted by core inflation below 5 percent. (curtsey : first post)
Rupesh Yatesh Dalal
Head Research Department
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