Expect growth to be lower by 50-75 bps due to poor agri growth, says BofAML's Indranil Sen Gupta

2019-07-31 12

India is facing a severe drought, with rains 16 percent below normal. A poor monsoon poses a FY20 growth forecasts. Indranil Sen Gupta of Bank of America Merrill Lynch (BofAML) assessed the state of the economy and expectations from the Reserve Bank of India's (RBI) monetary policy.