RBI May Cut Rates by 35 to 40 Basis Points, Nomura's Varma Says

The transcript discusses the expected rate cuts by the RBI, suggesting a potential 35 to 40 basis point reduction due to growth and financial stability concerns. It addresses food inflation, noting it should not be a major issue as core inflation is declining. The growth projection for the financial year is around 6%, with downside risks, and the RBI's aggressive monetary easing is highlighted. The discussion concludes with the potential end of the rate easing cycle and the 2020 recovery relying on cumulative easing.

What factors are contributing to the weak growth projections mentioned in the text?

What role does fiscal stimulus play in the current economic situation as described in the text?