BofA ON INDIAN GDP
Q4CY24 GDP Review: Shallow recovery, GDP forecasts downgraded
GDP modestly recovers to 6.2% yoy on an upgraded base
We lower FY25 GDP growth to 6.3% from 6.5% earlier, FY26 down to 6.5% from 7% earlier
Supply side indicators show some good momentum
RBI: Rate cutting cycle to continue
Q4CY24 GDP Review: Shallow recovery, GDP forecasts downgraded
GDP modestly recovers to 6.2% yoy on an upgraded base
We lower FY25 GDP growth to 6.3% from 6.5% earlier, FY26 down to 6.5% from 7% earlier
Supply side indicators show some good momentum
RBI: Rate cutting cycle to continue
