Speaking to CNN-News18 Sudesh Varma, BJP spokesperson, said the Congress probably ran vendetta politics; Congress Spokesperson, Dr Ajoy Kumar, said that under the UPA government the economy grew over 9 percent and that the highest FDI happened in 2011.
Speaking to CNBC-TV18, Arundhati Bhattacharya, Chairman, SBI, said it it won‘t be a big negative, if there are no rate cuts. But she did say that a rate cut brings in more confidence. A whole of experts, and industry experts also spoke on the RBI's latest report.
Sarah Hewin, Senior Economist, Standard Chartered, says the Fed did not talk about balance of risks to growth and did not raise the inflation forecasts, which showed they may not be preparing for rate hike anytime soon.
James Glassman,Senior Economist JPMorgan says, he would not be surprised if oil prices recovered in early party of 2016.
The faster-than-anticipated downgrade from investment grade will likely rock Brazilian financial markets on Thursday and will increase borrowing costs for the government and Brazilian companies.
The 0.6 percent decline in output in July was much worse than the median estimate for a 0.1 percent increase and follows a 1.1 rise in June, trade ministry data showed on Monday.
According to James Glassman, Senior Economist, JPMorgan Chase Bank the best thing Central Bankers can to do in current situation is stay true to their own view of what is going on in the economy and not react to market volatility.
"The PBoC has come across hesitant and reactive. Policy easing has followed rather than pre-empted the pullback in the economy as well as asset markets," said Vishnu Varathan, senior economist at Mizuho Bank.
JPMorgan's Global Manufacturing Purchasing Managers' Index (PMI), produced with Markit, held steady at June's 51.0 last month, matching April's near two-year low.
Although the Fed is keenly watching for some more evidence on the jobs market, the layoffs in the US have been at all time lows, says Glassman.in an interview to CNBC-TV18.
The target, one of eight international development goals agreed upon by world leaders in 2000, was to halve the proportion of hungry people around the world by 2015 from 1990 levels.
Many economists already think 2015 growth will miss that mark - the IMF expects 6.8 percent followed by 6.25 percent in 2016 - but Beijing needs average growth of close to 7 percent to hit a previously declared aim of doubling gross domestic product and per capita income by 2020 from 2010.
That would put India on a different path to the United States, where the Federal Reserve is widely expected to begin tightening policy later this year. The RBI has taken the precaution of building up currency reserves in case markets turn volatile amid the impending divergence.
While data on Thursday showed euro zone inflation fell to a four-year low of 0.7 percent on year in October, it may not offer much support for the view QE is damping inflation.
IIP: Largely in line with our expectations (0.3%), industrial production displayed a marginal 0.1% rise in July 2012 reflecting the impact of a deficient monsoon on domestic consumer demand, a substantial decline in exports and continuing sluggishness in investment sentiments.
The RBI is expected to retain policy rates in the upcoming policy review, says Ms. Aditi Nayar, Senior Economist, ICRA Ltd.
Banks may not achieve the non-food credit growth of 17% as projected by the Reserve Bank of India (RBI) for the financial year 2012-13. A gloomy investment climate is acting as a deterrent to higher pace of loan growth. However, a softer rate of inflation can well be a trigger to turn the tide, said economists.
The big ticket dollar bids by public sector units (PSUs) to meet their business requirement, is aggravating volatility in the dollar-rupee forex market. This creates artificial demand for the greenback. The Indian rupee shows no sign of respite from its free falling, despite repeated measures taken by the Reserve Bank of India (RBI).
Despite expectations of a reform-oriented budget to boost the growth of the domestic economy, the government failed to provide not only a reform agenda on subsidies or FDI front but also effective timelines on the much anticipated Goods & Services Tax (GST) and Direct Tax Code (DTC).
Dun & Bradstreet has come out with its report on Automobile sector 2012. As per the research firm the automobile sales are expected to increase in 2012 over 2011.
Rajeev Malik, senior economist at CLSA feels that that inflation is still elevated in India. Hence, according to him, the Reserve Bank of India (RBI) is likely to hike rates by 25 basis points on September 16.
D&B India has shared their view on IIP numbers. View by Dr. Arun Singh, Senior Economist, Dun & Bradstreet India (D&B India).
Michael Massourakis, Senior Economist at Alpha Bank, in an interview with CNBC-TV18’s Menaka Doshi, feels that debt sustainability can be addressed if the programme that the Greece Parliament will pass tomorrow is implemented.
In line with D&B expectation, RBI resorted to a 25 basis point hike in the repo rate in its mid-quarter policy review.
Rajeev Malik, Senior Economist at CLSA, in an interview with CNBC-TV18's Mitali Mukherjee and Udayan Mukherjee, gave his perspective and views on the much awaited RBI's policy announcement.