InCred hoped that the upcoming Union budget provides 'hope' to reverse this trend through income-tax rate cuts, as the consumption sentiment and demand seen during the festive season has started easing.
Some economists are of the view that RBI may not cut rates in the December policy meeting of the MPC, however, measures on the CRR front cannot be ruled out.
A higher nominal GDP figure versus the budgeted figure could mean that the Centre’s tax mop-up for 2023-24 may be better than the projections, giving the govt more leeway in meeting its fiscal deficit target.
The Flash Composite PMIs show that the US, the UK and the Eurozone saw growth accelerate this month. That should lead to more monetary tightening
On its most recent update to the World Economic Outlook, the IMF sees growth in emerging market and developing economies at 4.0% in 2023, 0.3 percentage point higher than its October projection, and 0.1 percentage point higher than the 3.9% estimate for 2022. For 2024, the projection is for a 4.2% expansion.
This is the second consecutive pause by the RBI after it reduced policy rates by 135 basis points in five back-to-back reviews last year.
India's economy could grow between 7.6 and 8% in the fiscal year to March 2012, Deputy Chairman of India's Planning Commission Montek Singh Ahluwalia said on Friday, adding that he was concerned about a recent growth slowdown.
Ryan Detrick, chief strategist at Schaeffer's Investment Research, in an interview to CNBC-TV18's Menaka Doshi, gave his views on the US market will perform going forward on the back of weak European market.
The macroeconomic headwinds, in terms of growth slowdown, interest rates hikes and the sticky inflation have refused to give up. And, the challenge is all set to eat into the pie of the FY12 earnings, says Vetri Subramaniam, CIO of Religare Mutual Fund, in an exclusive interview to CNBC-TV18.