The RBI’s rate-setting panel is due to meet December 5 to December 7 where it is widely expected to raise policy rates again
About 20 percent of the economy accounts for nearly 80 percent of growth, while the remaining 80 percent contributes barely 20 percent, analysts said.
Inflation is set to rise beyond 7 percent from December once the favourable base effect turns decisively adverse, says Kunal Kumar Kundu, India economist at Societe Generale
Peak agricultural employment, economic shocks like the coronavirus pandemic and MSMEs losing market share has worsened the jobs' challenge in the world’s second-most populous country
RBI would not be in a position to follow the Fed step for step as growth concerns gain currency, the economist said.
Consumer prices rose 5.4 percent last month, according to the survey of 21 economists, which would mark an acceleration from 5.0 percent in October. The data will be released on December 14.