RBI Monetary Policy Committee (MPC) Meeting Highlights December 2023
India’s growth resilience beat expectations. Developments since the Oct’23 policy meet suggest the domestic economy is going strong. The latest GDP growth (7.6%) exceeded consensus (6.8%) and our expectations (6.9%), primarily driven by investments while consumption growth was tepid. We reckon the coming period will see a reversal in the contributors to growth, from investment …