India's growth numbers make economists scratch their heads - what's next?
Latest economic data shows Indiaʼs growth rate dropped below expectations in mid-2024. Central bank and government officials dont see eye-to-eye on how to handle the situation‚ while markets watch closely
The much-watched Indian economy hit a speed-bump recently‚ with growth falling to 5.4% in mid-2024 (way below what experts thought it would be)
Market pros had to re-think their whole view after this news - most of them now say India will grow about 6.5% this year instead of earlier high hopes. The Shaktikanta Das led Reserve Bank of India might need to cut its 7.2% forecast when it meets this week; his job extension is still up-in-air
The growth slowdown created a split between money-folks: RBI wants to control prices while govt thinks high-interest rates are slowing things down. Some smart-people say keeping rates up to fight food costs (which dont really care about interest rates) isnt very smart
Banking numbers arent looking super-hot either: lending growth dropped to 12.8% lately from 15% about a year ago. Big banks are thinking about what to do next; some suggest cutting reserve requirements
This is a legal matter involving private firms and individuals and the U.S. Department of Justice
The govt kept its distance from the whole Adani-US thing‚ while different investors took different sides. Abu Dhabiʼs folks said theyʼre still cool with their investments; Israeli officials gave a thumbs-up too. Indian banks are keeping an eye on things but arent making any big moves
