Economist: India's second quarter economic growth may slow down.

The Indian GDP data will be released on Friday. The median estimate from a survey of 12 economists indicates that the Indian economy may grow by 6.6% year-on-year in the April-June quarter, a slowdown from the 7.4% growth in the previous quarter. The DBS Bank team wrote in a report that the main support for economic growth may come from a strong rebound in government spending, after a slowdown related to the elections a year ago. Nomura Securities economists stated that the current forecast of 6.5% growth for this fiscal year by the Reserve Bank of India does not yet reflect the impact of the 50% tariffs imposed by the Trump administration on India, and they expect low inflation to provide the central bank with room to boost domestic demand. Nomura predicts that the RBI will cut interest rates by 25 basis points in October and December.