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 challenges does the reliance on monetary policy present in the context of consumption?

What is the anticipated impact of the fiscal deficit target on the economy?