Mumbai: Standard Chartered Bank forecasts India’s GDP growth slowed to 6% in the Jan-March quarter, down from previous estimates of 6.5-7%.
The data is due on 31 May. Weak industrial output numbers, particularly the contraction in March, will have a bearing on GDP, given the weighting of about 20%.
A GDP slowdown to 6% will increase the urgency for authorities to act.
RBI likely to cut repo rate by 25 basis points to 7.75% at its 18 June review, comforted by core inflation below 5%.