SBI Research

CRISIL said it expected the current quarter's GDP to shrink 25 per cent year on year.

The first Advance Estimates, released in January for the purpose of Budget preparations, pegged the economic growth rate at 5 per cent in 2019-20.

It said a rate cut is unlikely to work in isolation as bank transmission of RBI's rate cut has been slow

From next year growth could move up faster if demand comes back faster post-remonetisation