‘Economy not heating, room for rate cut’
India’s Q2 GDP surged to an eight-quarter high of 8.2%, driven by lower prices rather than increased volume. Despite this strong growth, economists believe rate cuts remain possible due to subdued inflation and a nuanced economic picture. The RBI faces a complex decision ahead of its December policy meeting.🕒 1 min read
India’s Q2 GDP surged to an eight-quarter high of 8.2%, driven by lower prices rather than increased volume. Despite this strong growth, economists believe rate cuts remain possible due to subdued inflation and a nuanced economic picture. The RBI faces a complex decision ahead of its December policy meeting.
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