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The time is ripe for RBI to front-load rate cuts

This, because of weak economic growth momentum, benign CPI and govt's commitment to fiscal prudence

Rupa Rege Nitsure 

India’s growth outlook remains muted at this juncture. Even the government’s Economic Survey suggested the outlook for 2016-17 must be evaluated in the wake of the November 8 action of demonetisation. Economic growth was already pretty weak in the first half and slowed down further in the aftermath of demonetisation and the US election results, impacting its only two supporting drivers, consumption and services, due to their high-cash intensity. Recent corporate results showed that stresses have continued unabated for the steel, power and realty sectors. Many other ...

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The time is ripe for RBI to front-load rate cuts

This, because of weak economic growth momentum, benign CPI and govt's commitment to fiscal prudence

This, because of weak economic growth momentum, benign CPI and govt's commitment to fiscal prudence India’s growth outlook remains muted at this juncture. Even the government’s Economic Survey suggested the outlook for 2016-17 must be evaluated in the wake of the November 8 action of demonetisation. Economic growth was already pretty weak in the first half and slowed down further in the aftermath of demonetisation and the US election results, impacting its only two supporting drivers, consumption and services, due to their high-cash intensity. Recent corporate results showed that stresses have continued unabated for the steel, power and realty sectors. Many other ... image
Business Standard
177 22

The time is ripe for RBI to front-load rate cuts

This, because of weak economic growth momentum, benign CPI and govt's commitment to fiscal prudence

India’s growth outlook remains muted at this juncture. Even the government’s Economic Survey suggested the outlook for 2016-17 must be evaluated in the wake of the November 8 action of demonetisation. Economic growth was already pretty weak in the first half and slowed down further in the aftermath of demonetisation and the US election results, impacting its only two supporting drivers, consumption and services, due to their high-cash intensity. Recent corporate results showed that stresses have continued unabated for the steel, power and realty sectors. Many other ...

image
Business Standard
177 22