GDP Growth 2024 Live: Growth to remain subdued in coming quarters?
“We expect growth to remain subdued over the next few quarters as household consumption moderates and investment growth eases in an environment of still-high interest rates. But the economy is not going to crater,” said Harry Chambers, Assistant Economist, Capital Economics.
“In terms of the policy implications, we don’t think the (Sept quarter) data will convince the RBI to lower interest rates at its December meeting given that headline inflation has surged over the past few months. But if we are right in thinking that inflation has now peaked and will gradually retreat towards the 4% target, that should open the door for policy easing to begin in April.”
