Written by Udit Misra |Edited by Explained Desk |New Delhi |Updated: October 3, 2019 3:36:35 pm
Explained: Why RBI may cut interest rates tomorrow and why it may not be enough
High-frequency indicators suggest that GDP growth rate may have continued to decelerate between July and September.
XIn simpler terms, growth is likely to dip further when the Q2 data is revealed later on in the year.
As the Reserve Bank of India’s Monetary Policy Committee announces its bi-monthly policy review on October 4, it would know that the Indian economy is facing its worst slowdown since the dip in economic activity following the global financial crisis of 2008-09. As this chart from Care Ratings shows, economic growth has been decelerating for the past five quarters ( that’s the last 15 months).
No hay comentarios:
Publicar un comentario