The Report discusses the marked shift in the expected rate trajectory, with many major Central Banks being unequivocal about rate cuts. This comes amidst drooping global growth even as inflation subsides. India is set to be an exception to this, with growth in FY25 expected to remain strong, coming out of a moderate Q1. This growth will be presaged on consumption, particularly monsoon-induced rural demand, joining capex as a second pillar of growth
