India GDP and Monetary Policy: December 2017

The Indian economy accelerated in the September quarter, recording a 6.3% yoy expansion.

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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.