BENGALURU (Reuters) - India's economy should grow between 6.75 percent and 7.5 percent in the financial year beginning on April 1, a government report forecast on Tuesday.
The projection comes a day before the government is due to unveil its budget for the 2017/18 year.
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VARUN KHANDELWAL, MANAGING DIRECTOR, BULLERO CAPITAL, DELHI
"Broadly, the economic survey seems to be quite sensible.
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Assumptions on GDP and inflation are reasonable. On GDP my estimates are about 25 basis points lower. Fiscal deficit will be a moving target due to uncertainty coming in from GST in the next fiscal year.
"Monetary policy will be biased towards moderate easing. I expect cumulative cuts of 25 to 50 basis points this calendar year. Low inflation expectations, recent pass-through of interest rates by banks and a demonetisation driven slowdown - all these factors allow room for rate cuts by the RBI."
SAMRAT DASGUPTA, CEO, ESQUIRE CAPITAL INVESTMENT ADVISORS, MUMBAI
"There is a lot of uncertainty regarding GST and demonetization, and they have highlighted the risks to growth because of global trade tensions and GST collection. So its a balanced survey - it's not very optimistic nor very pessimistic.
"There may be a 25 bps cut (in the upcoming monetary policy review), but it will also depend on what the U.S. does."
(Reporting by Samantha Kareen Nair and Darshana Sankaraman; Compiled by Rafael Nam)
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