India Q4 GDP seen slowing to 6%: StanChart

Friday, 25 May 2012 00:00 - - {{hitsCtrl.values.hits}}

Reuters Market Eye: 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 May 31.

Weak industrial output numbers, particularly the contraction in March, will have a bearing on GDP, given the weighting of about 20 pct. A GDP slowdown to 6 pct will increase the urgency for authorities to act.

RBI likely to cut repo rate by 25 basis points to 7.75% at its June 18 review, comforted by core inflation below 5%.

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