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Podcast: In Focus by The Hindu
Episode: What does RBI’s current monetary policy mean for India’s economy? | In Focus podcast
Description: The RBI's Monetary Policy Committee decided to continue to retain the benchmark interest rate at 6.5%. Its estimate for inflation in FY24 is at 5.1% which is lower than the upper tolerance limit of 6% but still higher than the desired midpoint level of 4%. Given the RBI's, and other central banks', hawkish view on rates, where does India's economy stand? Would the impetus for economic growth have to come from an accommodative fiscal policy? Learn more about your ad choices. Visit megaphone.fm/adchoices