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RBI likely to cut rate by 25-35 basis points: Deutsche Bank's Kaushik Das

Real GDP growth has averaged 4.8% YoY in 1HFY20, as against India's potential growth rate of about 6.5-7%

Kaushik Das 

India’s July-September real GDP growth slowed sharply to 4.5 per cent year-on year (YoY) (vs. 5.0 per cent YoY in April-June), in line with our estimate. While a weak GDP print was expected, as already indicated by the trend of various high frequency growth indicators, the slowdown in nominal GDP growth to 6.1 per cent YoY in July-September (from already a weak 8.0 per cent YoY outturn in April-June) was particularly striking.

After all, nominal GDP growth matters more for corporate sector profitability and deficit-debt dynamic. GDP deflator moderated to 1.5 per cent YoY in July-Sep, ...

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First Published: Mon, December 02 2019. 00:57 IST
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