India's central bank is expected to cut interest rates aggressively to boost a sluggish economy.

India's financial markets now expect more aggressive interest rate cuts from the central bank in the upcoming fiscal year. This expectation arises as inflation is near the Reserve Bank of India's target, and economic growth remains sluggish. Indicators show that interest rates may drop by more than 50 basis points over the next year, signaling a shift towards a more accommodative monetary policy to boost the economy.