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Positive signals amidst the gloom

Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. Stressed loans, impending job losses are dark clouds

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Monetary Policy Committee

Devangshu Datta 



Devangshu Datta

The held policy rates steady. The Reserve Bank of India cut growth estimates and raised inflation projections. Gross Value Added is estimated to grow at 6.7 per cent for 2017-18, a downgrade from the earlier 7.3 per cent estimate. Consumer inflation is expected to run at 4.2-4.6 per cent in the second half (October 2017-March 2018).

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First Published: Sun, October 15 2017. 22:39 IST

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