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.

• India GDP and Monetary Policy: December 2017 (PDF, 170kb)