See Q4 GDP at 5.1%, full year at 4.8%: Kotak Mahindra Bk

Indranil Pan of Kotak Mahindra Bank doesn't see any immediate drop in inflation and hence doesn't expect a change in the monetary policy stance on June 3

Indranil Pan of  Kotak Mahindra Bank says the comments from the Reserve Bank governor in recent times infuses confidence. RBI Governor Raghuram Rajan believes that the new government will be able to combat fiscal deficit.

However, Pan doesn't see any immediate drop in inflation and hence doesn't expect a change in the monetary policy stance on June 3.

He has a full year GDP target of 4.8 percent, slightly lower than the government's estimates. But he feels in the fourth quarter GDP will come in at 5.1 percent on better performance of the core sector.

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