Our India Chart Pack has been updated with the latest data and our analysis of recent developments.
India’s economy has grown at a healthy clip over recent quarters and, with the help of government spending, we think it will continue to hold up well ahead of the upcoming general election. Given also that headline consumer price inflation is likely to remain above the 4% midpoint of the RBI’s 2-6% target range throughout the first half of this year, the RBI will be in no rush to loosen policy. We think rate cuts will only materialise in Q3, much later than in most other EMs.
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