We expect growth in the global economy to remain subdued out to 2026.
Insight
December 13, 2017
India GDP and Monetary Policy: December 2017
The Indian economy accelerated in the September quarter, recording a 6.3% yoy expansion.
Overview:
- The Indian economy accelerated in the September quarter, recording a 6.3% yoy expansion. This was the first increase in the growth rate following 5 consecutive quarters of deceleration.
- NAB Economics is forecasting a 6.4% GDP growth rate in 2017, followed by a 7.1% expansion in 2018.
- In the December meeting, the RBI held the Repo rate at 6%– as expected.
- NAB is forecasting the Repo rate to remain on hold at 6%.
For further details, please see the attached document.
