Our India Chart Pack has been updated with the latest data and our analysis of recent developments.
India retained its title as the world’s fastest-growing major economy last year and the latest data suggest that the economy continues to perform exceptionally well. Headline inflation has eased in recent months and we think it will reach the 4% midpoint of the RBI’s 2-6% target range by the middle of 2024. That suggests that the central bank will take a few more months to pivot towards policy loosening. We think rate cuts will materialise in Q3.
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