A majority of the economists polled also expect RBI to maintain its inflation forecast, although it could sound hawkish due to recurring supply-side shocks
Research firm Nomura revised its forecast for India s FY24 GDP growth to 6.7%, up from 5.9%, following a stronger-than-expected Q2 reading. Barclays and Citigroup also adjusted their forecasts to 6.7%, from previous estimates of 6.3% and 6.2%, respectively. The report notes that while the current growth is robust, it is largely driven by the government, with private sector participation still lacking strength.