RBI Has Enough Room to Cut Rates Further, Says Morgan Stanley’s Desai

The video discusses the economic slowdown in India, highlighting the role of monetary policy and interest rates. It explains how the RBI's interest rate decisions have impacted the economy, with a focus on the gap between nominal GDP growth and the repo rate. The discussion also covers global economic challenges and domestic issues in the financial sector, including the impact on exports and the banking sector's confidence.

What are the two headwinds affecting India's economy as discussed in the text?

How has the confidence in the financial sector been affected according to the speaker?