Moneycontrol
Last Updated : Jan 08, 2018 10:39 AM IST | Source: CNBC-TV18

Don't expect RBI to hike rates this calendar year: A Prasanna

India's growth rate may slow down to its lowest level in 4 years. Advance estimate for FY18 pegs gross value added (GVA) growth at 6.1 percent much below street estimates and well below the Reserve Bank of India (RBI) estimate of 6.7 percent. In an interview with CNBC-TV18, A Prasanna, Chief Economist at I-Sec PD spoke about the same.

CNBC TV18 @moneycontrolcom

India's growth rate may slow down to its lowest level in 4 years. Advance estimate for FY18 pegs gross value added (GVA) growth at 6.1 percent much below street estimates and well below the Reserve Bank of India (RBI) estimate of 6.7 percent.

In an interview with CNBC-TV18, A Prasanna, Chief Economist at I-Sec PD spoke about the same.

Gap between GVA and gross domestic product (GDP) could shrink. Our full year estimate for GVA is at 6.5 and GDP at 6.7 percent, he said.

At this point in time, we don’t expect RBI to hike rates this calendar year but if oil remains at this level for a long period, that will be of concern, he added.

RBI will remain on pause through this year, said Prasanna.

For full interview, watch accompanying video...
First Published on Jan 8, 2018 10:34 am

tags #Economy

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