The Prime Minister also said there is a need to improve India's economic self-reliance so that the country is shielded from any adverse event from around the world.
RBI's surprise call pushes economists to review their India rate bets : Rashtra News #RBIs #surprise #call #pushes #economists #review #India #rate #bets Economists are pushing back estimates for when India will raise interest rates after Governor Shaktikanta Das lowered inflation and growth forecasts, betting that the central bank can stay focused on spurring economic
Jayanth Varma, the dissenting member of the Reserve Bank of India s policy committee, argued that high interest rates impede investments and called for a shift in the policy stance. Shashanka Bhide emphasised the importance of focusing on the inflation target for supporting growth.