Analysts at Australia and New Zealand Banking Group (ANZ) expect India’s Q2 FY20 (July-September quarter) GDP growth to have slowed further to 4.6% y/y from 5% in the previous quarter. Key Quotes: “Coming against favourable base effects, it will mark the slowest pace of growth since March 2013.” “We are also downgrading our FY20 (ending March 2020) growth to 5.1%, from 5.8% previously.” “We are cautious on a material improvement in the growth outlook in H2 FY20 as high-frequency indicators remain sluggish. We estimate the output gap to have widened to 0.8% of GDP in Q2 FY20 from 0.4% previously.” “We, therefore, maintain our call for the Reserve Bank of India (RBI) to deliver another 50bps of cumulative cuts in the remainder of this fiscal year. A 25bp rate cut at the next policy review on 5 December appears imminent.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NEO price analysis: NEO loses ground, unable to settle above $13.00 FX Street 3 years Analysts at Australia and New Zealand Banking Group (ANZ) expect India's Q2 FY20 (July-September quarter) GDP growth to have slowed further to 4.6% y/y from 5% in the previous quarter. Key Quotes: "Coming against favourable base effects, it will mark the slowest pace of growth since March 2013." "We are also downgrading our FY20 (ending March 2020) growth to 5.1%, from 5.8% previously." "We are cautious on a material improvement in the growth outlook in H2 FY20 as high-frequency indicators remain sluggish. We estimate the output gap to have widened to 0.8% of GDP in Q2 FY20 from… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
