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IMC President Dr. Lalit Kanodia’s viewpoint on RBI’s Bi-Monthly Monetary Policy Announcement

by Suman Gupta 

RBI’s repo rate cut by 25 basis points will further push growth

This period of low inflation, gives the Indian economy, an opportunity, to study the adjustment phase in mirco and macro level economic condition  that helps  us build our capabilities to fight inflation if it re-surfaces, and work towards policy stances.

IMC is upbeat with today’s development and congratulates the MPC. The chamber is of the opinion that the banks should quickly transmit these reduced rates so that the credit cycle picks up and the banks lend the surplus pools of cash lying with them. The reduced repo rate is likely to spur investments and increase industrial activity, especially in the MSME segment.

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