The monetary policy committee (MPC) has largely maintained a cautious stance in the past year. Gross domestic product (GDP) growth print, at 5.7% year-on-year for the April-June quarter, surprised on the downside. Admittedly, the monetary policy committee (MPC) has largely maintained a cautious stance in the past year. Finally, the backdrop of slow growth and subdued inflation, if persists, could provide room to revisit India’s fiscal policy stance over time. This is the third in a series or columns ahead of RBI’s bi-monthly monetary policy meeting on 3 and 4 October.

Source: Mint September 28, 2017 18:57 UTC