The Reserve Bank of India (RBI) is set to cut its main policy rate on Feb 7 followed by just one more cut next quarter, according to economists polled by Reuters, who have kept their views largely unchanged from a month ago. The steady outlook comes despite recent data showing economic growth slowed to an annual 5.4 per cent in the July-September quarter, well below the 8.2 per cent seen in the last fiscal year. In its Feb 1 budget, the government is not expected to increase infrastructure spending, a main driver of growth in past years, leaving the onus on the RBI to revive the $4 trillion economy. Growth in Asia's third-largest economy for the fiscal year ending in March is forecast to average 6.4 per cent, before accelerating to 6.5 per cent and 6.6 per cent in the next two years, respectively. (ICE NEW DELHI)

Fonte notizia: The Business Standard