India’s 2017-2018 GDP expectations lowered by economists

Latest Reuters poll results just published 25 Oct

  • 6.7% vs 7.3% in July poll
  • 2017-2018 CPI to average 3.5%, 4.5% in 2018-19 vs 3.5% and 4.3% prev
  • RBI to keep policy rates on hold at 6% until Q2 2019

Reuters conducted the poll of 30 economists between 19-24 Oct just ahead of yesterday’s announcement by India of a $32.43bln plan to recapitalise state banks in a bid to tackle a major pull lower on the economy.
A further question asked of 23 of the economists showed 20 thought that govt had imposed too many sweeping changes to the economy in a short period of time, inc demonetisation and GST.
Even at the lowered GDP levels India would still have the 2nd largest global growth behind China.
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