India's GDP to Expand 6.6% Through March 2018

The video discusses India's economic outlook, highlighting the base effect from last year's demonetization and GST impacts. While the economy shows signs of recovery, challenges like nervous business sentiment and a recent banking scandal persist. The Reserve Bank of India (RBI) has adopted a hawkish stance, but is constrained by factors such as bond yield volatility and global economic conditions. An expansionary budget ahead of elections has surprised many, but growth potential is tempered by existing economic brakes.

In what ways is the current business sentiment described in the text?

What implications does the expansionary budget have on the RBI's monetary policy?