India GDP growth could dip below 6%

.....the central bank, which delivered a surprise 50 basis–point cut in interest rates in April, finds itself restrained in its ability to boost growth with further rate cuts, due to continued inflation pressures.

The RBI is seeking a return to “trend growth” of 7% to 7.5% for the economy. But given the latest indications, “the economy will struggle to see year-on-year growth return to trend anytime soon, which in turn will reinforce the dilemma facing the RBI,” .......

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