A note penned by Sonal Varma, managing director, chief economist - India and Asia (ex-Japan) at Nomura, on September 13, said inflation surprised on the upside mainly due to higher food inflation.
Verma expects growth to be back at above 7 percent and inflation above 4 percent over the next 6-12 months.
Industry bigwigs such as Rahul Bajaj and Adit Godrej hope for a rate cut. Though Bajaj believes a rate cut tomorrow is highly unlikely. Godrej on the other hand is also hoping for some action on the CRR and SLR front.
We maintain view of 50 bps of repo rate hikes in H1CY14, says Sonal Varma, Nomura.
The government will announce the FY13 GDP numbers on May 30, where it expects the readings to be around 5.2 percent.
In an interview to CNBC-TV18, Sonal Varma, India economist of Nomura Financial Advisory & Securities says sorting the FDI in multi-brand issue in the winter session of parliament is of utmost importance.
Brokerage firm Nomura today said the country still stands a chance to get downgraded if the government does not implement the recent reform measures and compliment them with more reforms.
India's manufacturing sector grew slightly in April on the back of new orders, an HSBC survey said. Experts feel that growth has bottomed out led largely by domestic and export manufacturing.
Despite a generous cut on the repo side, the Reserve Bank of India had bewildered many after it said there is a limited scope for such cuts in future.
The IIP numbers disappointed yesterday and the market took a hit because of that. Sonal Verma from Nomura believes that this is an indicator of an economic slowdown, and she expects this trend to continue in the coming quarters as well.
March has been hard on the Indian consumers. Inflation for the month came in at a sharply higher 8.98 % surging past the expected 8.3-8.4 %. CNBC-TV18's Latha Venkatesh and Gopika Gopakumar find out why.
Samiran Chakrabarty, Head of Research, StanChart; Romesh Sobti, MD & CEO, IndusInd Bank; Rajiv Kumar, DG, FICCI; Rajiv Anand, CEO, Axis AMC; R Sridharan, MD, SBI; MV Nair, CMD, Union Bank and Soumyo Dutta, MD & Head FXLM Trading & Risk Treasury, gave their expert take on the impact of the RBI's policy making move.
In an interview with CNBC-TV18, Siddhartha Sanyal, Chief India Economist, Barclays Capital, Sonal Verma, India Economist, Nomura and Amit Mitra, FICCI, speak about the Economic Survey and give their outlook going forward.