The Reserve Bank of India (RBI) is expected to keep repo rates unchanged for an extended period due to easing core inflation and high real interest rates. However, the frequent fluctuations in food prices may require the RBI to remain vigilant. The RBI aims to maintain macroeconomic stability but acknowledges uncertainties such as adverse weather events, global food and energy prices, and volatility in global financial markets. The MPC meeting also discussed the need to sustain and stimulate investment, projecting a GDP growth of 6.5% for FY24.
Nothing stops private sector from coming and doing business in India: Nirmala Sitharaman
In a recent discussion, Union Finance Minister Nirmala Sitharaman emphasised that no sector is off-limits for private business in India. Highlighting reforms under Prime Minister
October 26, 2024