"The numbers underscore that the room for monetary policy easing is limited, even with progress on fiscal consolidation, " said Leif Eskesen, chief economist for India at HSBC.
"The high current account deficit limits room for further easing, and the slowdown in growth is structural and due to supply-side issues, and should be addressed through reforms by the government, " said Leif Eskesen, chief economist for India and Asean at HSBC.