How much, Mr Das: Rate cut of 40 or 25 bps?

Not inflation but the slowing growth in Asia's third largest economy, which wants to get into the $5 trillion club by 2025, is the primary concern of the RBI

The Indian central bank will surely cut the growth projection for the year and pare the policy rate yet again at the next bimonthly meeting of its monetary policy committee (MPC) that ends on October 4.

Since February, the Reserve Bank of India (RBI) has reduced its policy rate by 110 basis points (bps) in four successive meetings of its policy making body, including a rather unconventional 35 bps, bringing it down to 5.4 per cent, its nine-year low. One bps is a hundredth of a percentage point. 

As far as growth is concerned, at the August MPC meeting, the real GDP