India’s Recovery Likely to Be Very Gradual, Says Nirmal Bang’s John

The video discusses the current economic situation, focusing on inflation trends, central bank constraints, and economic growth projections. It highlights the challenges faced by the Indian economy, such as a credit freeze and a large unbanked population, which limit the effectiveness of rate cuts. The discussion also covers the implications of negative real rates during an economic slowdown and the cautious approach expected from the central bank regarding rate cuts.

What is the anticipated growth rate for FY20?

What potential issue arises from negative real rates as growth starts to recover?