Income tax relief provided for in the Budget coupled with RBI repo rate cut put together will boost recovery in consumption in the economy, asserted Finance Minister Nirmala Sitharaman.
Congress leader Rajeev Shukla on Friday welcomed RBI's decision to reduce repo rate by 25 basis points (bps) to 6.25 per cent and said that it will help trade and industry as loans will get cheaper.
Real estate leader Niranjan Hiranandani said affordable housing segment will get yet another boost with the reduction in repo rate by the RBI monetary policy committee.
In a move that is expected to boost residential real estate, business investments, and overall economic growth, experts have welcomed RBI's repo rate cut, combined with budgetary measures for real estate and investments -- a game changer for economic growth.
Anshul Jain, Chief Executive, India, SEA & APAC Tenant Representation at Cushman & Wakefield, described the move as "well-timed and much-needed," particularly as CPI inflation eases and Q2-FY25 GDP growth slows.
On the inflation front, RBI expects Consumer Price Index (CPI) inflation to ease to 4.8 per cent in FY25, with Q4 FY25 inflation projected at 4.4 per cent. For FY26, inflation is forecasted at 4.2 per cent, with quarterly estimates as Q1 FY26: 4.5 per cent, Q2 FY26: 4.0 per cent, Q3 FY26:
Malhotra highlighted the challenges posed by the global economic landscape, noting that while high-frequency indicators suggest resilience and expansion in trade, overall global growth remains below historical averages. "Progress on global disinflation is stalling, hindered by services pr
Experts anticipate that the central bank may cut the repo rate by 25 basis points (bps) to support economic growth while keeping inflation under control.
The Reserve Bank of India (RBI) is expected to reduce the repo rate by 25 basis points (bps) in its upcoming monetary policy announcement on February 7, according to a report by Bank of Baroda.
Strong foundations for high growth can be secured only with durable price stability, the monetary policy committee of Reserve Bank of India emphasized before keeping the policy rate unchanged in the latest meeting.