India December 2018
Is the sleeping giant waking up?
With China’s economy slowing, all eyes turn to India in search of growth: Chinese President Xi Jinping shakes hands with Indian Prime Minister Narendra Modi during a meeting of the G20 summit in Buenos Aires end of November. LI XUEREN AP XINHUA KEYSTONE
For the second quarter of the financial year (Q2FY19), India’s GDP grew at 7.1%, falling slightly below estimates of 7.5% as consumption demand and farm sector growth moderated. Lowered inflation, strengthening Rupee, crude oil decline and a dovish commentary from the US Federal Reserve could lead the Reserve Bank of India (RBI) to shift to neutral outlook and pause rate hikes.