Indranil Sengupta, Senior Economist, BofA-ML, said he is expecting a 35 bps rate cut.

Sengupta supports the idea of having a higher fiscal deficit to support growth.

“Fed has cut rates, supported their economy. We also have to support our economy, revive our growth.”

If you take long run inflation expectations that is probably 6.5% so I am not very taken in by this calculation of the real rate , he said.

Indranil Sengupta, Economist & Co-Head of India Research, BofA-ML, says he expects RBI to cut rates on Wednesday

“We are in a recession that is getting longer than the great depression and lending rates are stuck at 20-year highs in real terms. It is f...

To know about potential growth, one needs comparable data and that is not possible with the new GDP series

"We are already at 6.75%, while the long-term CPI inflation is around 7%. This means we are marginally negative in terms of the real policy...

"We certainly think there is a slow recovery that is happening in industrial growth. It will probably touch double digits on base effects n...

"In all, we might get a 50-bps cut in lending rates. That typically takes about six months to show up in GDP numbers and earnings numbers."

"It is beyond doubt that the government is on a path of fiscal consolidation. That is something that the previous regime had spoken about."

To some extent, services will be supported by higher public spend because there was again extreme tightening of public expenditure last yea...

"If the rains are good, then that may be able to offset rupee depreciation."

The current account deficit came in at $32.6 billion, which is probably in line with our own forecast of $31 billion.

BofA-ML today said the recent lending rate cut by RBI will not give the much-needed leg-up to the tepid credit growth, but deposits will pi...

We think that inflation comes off to 7% levels by March and 6.5% levels by June, says Indranil Sengupta, Chief Economist, BofA Merrill Lync...

Here is what economists have to say about the GDP growth: