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GDP growth to accelerate to 6.6% in FY26: India Ratings
Mint Chennai
|December 19, 2024
India Ratings and Research on Wednesday said that the country's economic growth is likely to accelerate to 6.6% in the financial year starting 1 April, from 6.4% it has projected for FY25.
Devendra Kumar Pant, chief economist and head, public finance, for India Ratings and Research, told reporters that the Reserve Bank of India's (RBI) interest rate cut would depend on whether food inflation is under control.
"The rate cut would be 100-125 basis points," said Pant, "But it would be data dependent."
A basis point is one-hundredth of a percentage point.
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