AIAI welcomes repo rate cut

“Repo rate cut by the Reserve Bank of India by 25 bps will give a boost to economic growth, but in view of the low inflation, RBI could have considered a 50 bps cut which would have accelerated growth”, says Mr. Vijay G. Kalantri, President, All India Association of Industries (AIAI).

There is a further need for RBI to review its policies which can give a boost to manufacturing, infrastructure and MSMEs, thereby accelerating growth in these sectors. The RBI and banks, by taking proactive steps, can enhance job opportunities which is also the intention of the government.