Expecting a 35 bps rate hike in Sept and 25 bps in Dec: Sonal Varma, Nomura
“In terms of the outlook going forward, we think the momentum in the second half of FY23 and into FY24, will be on the softer side because of the global headwinds. Nevertheless for FY23, the average real GDP growth is expected to be around 7% or so. Inflation tends to be negative for growth but the pinch in particular is seen in segments where real disposable incomes and savings buffer is less. ”
