The Limits Of MPC Intervention - Time For Fiscal Policy To Decisively Lean With The Wind: SBI Research
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
SBI Research Report
As widely expected, there was no change in the key policy rate at the second Monetary Policy Committee meeting for this fiscal, with the central bank strongly emphasizing an accommodative stance as long as required to support the economy.
The Reserve Bank of India, however, reduced its projection of real gross domestic product growth for FY22 by 100 basis points to 9.5% consisting 18.5% in Q1 (earlier: 26.2%), 7.9% in Q2 (earlier: 8.3%), 7.2% in Q3 (earlier: 5.4%) and 6.6% in Q4 (earlier: 6.2%).
Interestingly, though RBI has reduced growth projections for Q1 and Q2 it has enhanced projections for Q3 and Q4, specifically Q3 by a large margin.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.