RBI may cut rates further if India-US trade deal is delayed: Goldman Sachs

RBI may cut rates further if India-US trade deal is delayed: Goldman Sachs
The brokerage said India’s mass consumption story, especially in rural areas and among lower-income households in cities, is still in the early stages of recovery. This recovery is being supported by a good crop cycle, higher state-level transfer payments to women in lower-income families and GST cuts that benefited the bottom end of the consumption ladder.