CRSIL ratings, in their report, expect that the central bank will 50-75 bpos in the financial year 2025-26, to support consumption and lower borrowing costs
Crisil studied private consumption patterns by collecting state-level GST data. Its chief economist speaks to Moneycontrol on the findings.
The RBI may go for a 25 basis points rate hike in September and possibly another one before the end of this year.
Inflation is likely to be brought within the target rate in the last quarter, the economist said
After the WPI and CPI numbers were released, CRISIL’s chief economist said that we need to start taking measures to contain the damage caused largely by external factors
The Reserve Bank of India on Tuesday released the minutes of the first monetary policy committee (MPC) meet.
"India has edged out China as the world's fastest-growing large economy, despite a slowdown in global growth and tough times for many emerging markets. However, this outperformance could prove temporary if India's reforms do not gather greater momentum," the US-based agency said in a statement.
"For economy, there is no sign of sharp turnaround in the coming fiscal. It needs support from accommodative monetary policy and less restrictive fiscal policy plus structural reforms (to have a turnaround)," Dharmakirti Joshi, Chief Economist, Crisil, told a gathering during the two-day India Rubber Meet-2016 that began here today.
"Since the government came to power, it has not been able to use the monetary and fiscal instruments because of the legacy issues", said Crisil officials.
Consumption in rural India is growing faster than in urban India for the first time in two decades, a new report by credit rating agency Crisil Ltd said.
CRISIL Research, India’s largest integrated and independent research house, identifies fiscal discipline, productivity improvement and petroleum pricing reforms as the three key steps to pull the Indian economy out of the high-inflation trap.
The Union Budget (20012-13) is being prepared against a backdrop of sharp slowdown in growth, fiscal slippage and persistently high inflation. The external environment too is extremely challenging. In this scenario, we need a dynamic and credible budget that addresses the issues highlighted below.
CRISIL Research has lowered India’s GDP growth forecast for 2011-12 to 7.0% from its October estimate of 7.6%.
Crisil trimmed their FY12 GDP growth forecast to 7.6% from 7.78% due to the weak global economic situation. However, it raised its inflation target to 9.1% from 8-8.5%. The September inflation estimate is around 9.2%, said Dharmakirti Joshi, economist at Crisil in an interview to CNBC-TV18.