Robust Expansion Augurs Tightening

November 2006 | Economic Outlook

BMI View: India's economy accelerated in the second quarter (July-September) of FY2006/07 (April-March), expanding by 9.2% y-o-y, from 8.9% y-o-y in the April-June quarter. We have forecast full fiscal year expansion of 8.3%, and expect India to maintain a 7.0% pace of growth over our five-year forecast period. A slowing global economy and further domestic monetary tightening will result in moderating growth over the next two

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