Q2 GDP, core sector data may push RBI to cut rates in December: economists

The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services

Economic data release post market hours on Friday hints that the slowdown has manifested deeper into the system. Economic growth slowed further in the second quarter of this fiscal to hit a 26-month low of 4.5 per cent – a far cry from the 7.1 per cent reported in the corresponding period of the last financial year.

Meanwhile, the output of eight core infrastructure industries contracted by 5.8 per cent in October, according to the government data released on Friday. As many as six of eight core industries saw a contraction in output in October. The eight core sectors had expanded