Market will be pricing in 25 bps rate hike in next 6 months: Nilesh Shah
“In India transmission of monetary policy takes about two to three quarters and what we have been surprised by is the resilience of the Indian economy. The soft spot for the Indian economy was consumption in the March 2022 quarter end and FMCG sales degrew by about 4.1%, fortunately for the June quarter, that has been negative but only by 0.7%.”
