India’s economy grew far faster than expected in the fourth quarter of 2024–25, which shaved off some froth from the recent rally in bond prices as yields rose by 4-5 basis points following the release of the data on Friday.But does this warrant a rethink of the macro theme that anticipates 50-75 basis points of monetary easing in 2025–26? Do the strong numbers for the January–March quarter suggest that India’s economy is in a Goldilocks environment of low inflation and high growth?
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