Mumbai, November 14: India’s factory output, Index of Industrial Production (IIP), worsened than expected, in September. This has dashed the hopes of immediate economic revival in the economy. As a result, most of the leading players have scaled down the growth rates (GDP) for the September quarter (Q2) and for the FY’20. This situation may force the Reserve Bank of India (RBI) to go for larger rate cuts compared to the traditional 25 basis points (bps). This will amount to encouraging leverage to households, which has not worked elsewhere and India cannot stay out of it.