India's GDP growth increased from an average of 6.7 per cent during 2010 to 2014 to 7.3 per cent during 2015 to 2019.
Inflation based on Wholesale Price Index (WPI) was at 2.02 per cent in June this year and 5.27 per cent in July 2018.
Retail inflation was 3.18 per cent in June 2019, while it stood at 4.17 per cent in year-ago period (July 2018).
If the RBI does cut rates in Oct and early next year it will be the most aggressive amongst major central banks in easing policy.
CPI (Consumer Price Index) retail inflation is projected at 3.1 per cent for the second quarter this fiscal.
Food prices have risen due to lower-than-expected monsoon rains over the past two months.
The size of the economy will grow to USD 3 trillion from USD 2.7 trillion in the previous year.
Almost 80 per cent of 66 economists surveyed by Reuters expected the RBI to cut its benchmark repo rate by 25 bps.
DBS Bank suggested hiking the cap on foreign funds' investment in domestic debt is a better option.
Similarly, inflation in potato was (-) 24.27 per cent against (-) 23.36 per cent in May.