THE RBI'S MONETARY POLICY Committee (MPC) unanimously decided to cut the repo rate by 25 basis points, marking its first reduction in nearly five years. This shift from inflation control to prioritising growth comes amid a slowdown in India's manufacturing sector, a key driver of jobs. The RBI's optimism about India's growth is evident, with executive director Rajiv Ranjan stating that the rate cut signals the RBI's commitment to reviving the economic momentum. However, this optimism contrasts with cautionary signals, such as faltering consumer confidence and potential risks in the retail credit market, suggesting that the economic outlook is still complex.
RBI Governor Sanjay Malhotra's statement underscores cautious optimism regarding growth. Rural demand continues to rise while urban consumption remains subdued and high-frequency indicators give mixed signals. However, improving employment conditions, tax relief in Union Budget 2025-26, moderating inflation, and healthy agriculture activity are expected to support household consumption.
Denne historien er fra March 16, 2025-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 16, 2025-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
THE SILENT STRATEGIST
Dilip Shanghvi's focus on research and high-margin drugs future-proofs Sun Pharma
THE AUTO SOFTWARE PLAY
KPIT has redefined its trajectory by betting on automotive software, thanks to MD & CEO Kishor Patil's start-up mindset and AI-driven vision
MADE OF STEEL
Abhyuday Jindal, the MD of Jindal Stainless, is building capacity, creating awareness and investing in renewable energy
"LEARN A LOT, EARN A LOT, RETURN A LOT"
Motilal Oswal has spent decades turning his passion for finance into a top-notch diversified financial services player
ROCKY ROAD TO GLORY
BOULDER HILLS WAS A TERRIFIC BACKDROP FOR THE HYDERABAD EDITION OF ROYAL RANTHAMBORE BUSINESS TODAY GOLF
REDEFINING VALUE IN THE AGE OF INTELLIGENCE
Due to technological disruptions and climate change, many India CEOs now feel the need to recalibrate their decision-making processes
REBOOTING FINANCE
THE BT BEST BANKS AWARDS SHOWCASED THE TOP LEADERS OF BANKING AND FINANCIAL SERVICES INDUSTRY, WHO DELIBERATED ON THE FUTURE OF INDIA'S FINANCE SECTOR
BUILDING TRUST
Dr. Devi Shetty set up Narayana Health to make healthcare more affordable. With steady growth over the years, he is now setting sights on expanding abroad
THE MAN BEHIND LOW-COST DRUGS
Mankind Pharma's spectacular growth is often attributed to the Chairman & Whole-Time Director-Ramesh Juneja's-endeavour to make healthcare affordable and accessible
THE GREEN MILE
Under Praveer Sinha, Tata Power has emerged as an important player in green power, offering renewable solutions to varied customers
