India: First round of fiscal stimulus – Standard Chartered

India’s finance minister today announced support for the disadvantaged segments of society likely to suffer the most from the three-week lockdown, eco  |  26/03/2020 14:57

India’s finance minister today announced support for the disadvantaged segments of society likely to suffer the most from the three-week lockdown, economists at Sntdard Chartered bank brief. USD/INR trades at 75.0915.

Key quotes

“We estimate that the announced package size of INR 1.7tn (0.85% of GDP) includes fresh expenditure allocation of close to 0.5-0.6% of GDP.”

“We see a risk that the central government’s FY21 fiscal deficit will be at least 1.5-2.0ppt wider than the targeted 3.5% of GDP.”

“Focus will now shift to the Reserve Bank of India (RBI). We expect a 50bps repo rate cut to 4.65% to be delivered before or at the 3 April meeting.”

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on finance
and other asset classes for Market Insight viewers

Back

Login to Market Insight Account

Your Market Insight account gives you access to the tools that we offer our customers including our
Technical Studies & Sentiment for your accounts.

Forgot Password?

Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

Create a Market Insight's Account

Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

register_ty

Thank you!

Welcome to Market Insight family!

You have succesfully completed the registration.
We will send you an e-mail to give you some
instructions and our Terms and Conditions!
Our account representatives will be contacting you as
soon as possible. If you have any further questions
please do not hesitate to mail us via info@marketinsight.com