Nomura Sees 75bps India Rate Cuts in 2H 2023

The video discusses the global economic outlook, predicting a mild recession and its impact on India's CapEx and export cycles. It highlights India's budget focus on public apex amidst lower tax revenue and GDP growth. The potential influence of upcoming elections on fiscal policies is examined, with a focus on balancing populist measures and fiscal prudence. Current inflation trends are analyzed, with expectations of cooling inflation in the coming months. The video concludes with a positive medium-term outlook for India's economy, emphasizing job creation through infrastructure and services.

What are the expected impacts of the global recession on India's CapEx cycles?

How have policy rates in India changed, and what is the anticipated effect on growth and inflation?

What is the government's strategy regarding public and private CapEx in the upcoming budget?

What are the expected fiscal deficit targets for the upcoming budget, and how do they compare to previous years?

In what ways might the upcoming budget be influenced by the upcoming elections?

What are the current trends in inflation, and how do they relate to the Reserve Bank of India's target?

What are the challenges India faces in job creation, and what strategies could be implemented to address these?