Expert view, June 2 -- Vikram Chhabra, Senior Economist, 360 ONE Asset, says India's growth and inflation dynamics are favourable. He expects the RBI to cut the repo rate by 100-125 basis points in the current rate-reduction cycle. In an interview with Mint, Chhabra also discusses the risk of stagflation in the US and how a slowdown in the US economy could affect Indian exports. Here are edited excerpts of the interview:

We believe India's economic growth has bottomed out and is now entering a recovery phase.

The broader macroeconomic environment has also become increasingly supportive.

First, the Reserve Bank of India (RBI) has eased monetary policy by cutting the repo rate by 50 basis points and infusing the banking system with surpl...