India's Growth to Bottom Out in Late 2019, DBS's Rao Says

The transcript discusses the Asian Development Bank's forecast cuts for India and China, highlighting a growth slowdown impacting consumption. It explores potential government and RBI measures to stimulate demand, emphasizing the challenges of fiscal policy and the role of banks in supporting consumption. The discussion also touches on the limitations of monetary policy in addressing consumption issues and anticipates a slight slippage in the fiscal deficit target.

What was the main surprise in the GDP numbers according to the first section?

• Strain in consumption

• Increase in investment

• Decrease in government spending

• Rise in exports

What kind of measures did the RBI implement to support the economy?

• Increased taxes

• Aggressive easing cycle

• Reduced government spending

• Increased interest rates

What is the expected focus of the February push mentioned in the second section?

• Supply-driven measures

• Demand-driven measures

• Investment-driven measures

• Export-driven measures

Why is monetary policy considered a blunt instrument in addressing the consumption problem?

• It only benefits large corporations

• It increases inflation

• It affects liquidity but not directly consumption

• Most people have high savings

What is anticipated regarding the fiscal deficit target due to the economic slowdown?

• It will be eliminated

• It will increase

• It will decrease

• It will remain the same