Policy easing in India won’t prevent sharp slowdown
With the aftershocks from the Mumbai terror attacks adding to the downside risks to growth, further
rate cuts and a fiscal stimulus look imminent in India. But these measures are unlikely to ward off a
severe credit crunch. We expect GDP growth to slow to around 5% in 2009, well below the levels
seen in recent years....
Chief Global Economist
Chief Asia Economist
Senior Asia Economist