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Krishnan V R of Marcellus anticipates that the Reserve Bank of India will lower its full-year growth forecast on December 6, following a ~6 percent GDP growth in the first half of the financial year. With the RBI's initial projection exceeding 7 percent, achieving over 8 percent growth in the second half now seems unlikely. He warns that prolonged consumption slowdown and risks in consumer lending could lead to further earnings downgrades, especially given high market valuations, while domestic flows are becoming insufficient to counteract significant foreign outflows since October.
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