![]() ![]() RUPA REGE NITSURE, CHIEF ECONOMIST, L&T FINANCIAL HOLDINGS, MUMBAI It appears growth slowdown is not just cyclical but more entrenched with consumption secularly joining the slowdown bandwagon even as investment story continues to languish.įactors including still-tight financial conditions, weakening household and corporate balance sheet, sluggish private capex and lack of business confidence, possible slower public capex amid fiscal constraints continue to weigh and require continued innovative policy levers both from India's government and the RBI." ![]() "With Asia growth being suppressed in 4QFY20 amid COVID-19 impact, external demand spillover to India amid supply disruptions would weigh marginally on India's near-term growth." MADHAVI ARORA, LEAD ECONOMIST, FX AND RATES, EDELWEISS SECURITIES, MUMBAI The case for an early rate cut despite adverse inflation optics remains and globally central banks might have to go in for aggressive monetary easing to offset a pandemic led recession." The coronavirus remains the critical risk as India depends on China for both demand and supply of inputs. This could mean that GDP for the year could be lower than 5%. However, with a likely impact of the coronavirus beginning to play out in the last quarter and expenditure compression by the government, last quarter GDP growth could disappoint. ![]() "The 4.7% growth is in line with economists' expectations. ABHEEK BARUA, CHIEF ECONOMIST, HDFC BANK, NEW DELHI ![]()
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