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Do we have enough positives to brace global uncertainty? | Beyond Averages

After the stellar growth numbers on May 30, followed by an emphatic GST collection data, RBI last week delivered another positive surprise with a 50-bps rate cut. With a record dividend providing government room to spend on capex, and tax cuts helping urban demand, will RBI cuts provide further boost to the economy. More important, can India keep its tryst with destiny to become a developed country by 2047 or does it risk falling into a middle-income trap? Watch Ishaan Gera in conversation with Rajnish Gupta, Partner, Tax and Economic Policy Group, EY India and Paras Jasrai, associate director, India Ratings and Research.

first published: Jun 10, 2025 11:00 am