While the policy stance of RBI, Monetary Policy Committee (MPC) is on expected lines, GDP forecast of 7.2 per cent for FY 2024-25, along with pledge to reduce inflation further, are reassuring macro signals Which can be taken advantage of. ASSOCHAM Secretary General Deepak Sood said that India will remain on top in terms of economic growth among major economies.
He said the RBI's preview of supply-side metrics also looks promising, especially with regard to food inflation and reviving rural demand, a key catalyst for sustainable growth.
"The stability of the rupee on the back of comfortable foreign exchange reserves and better prospects for global trade provide another positive to the economy," Sood said.
RBI Governor Shaktikanta Das said there is a need to keep an eye on the challenging geopolitical situation impacting the global supply chain.
ASSOCHAM appreciated the RBI's assurance in the policy statement about remaining agile and flexible in its liquidity management to maintain financial stability in the system.
Industry experts said the first MPC after the elections has created confidence and stability in the market.
With the repo rate stable at 6.5 per cent, the RBI is indicating to balance growth and inflation.
“In line with the RBI stance, it is important to have strong governance, risk management, compliance culture and customer protection within the sector,” said Rajeev Sabharwal, MD and CEO, Tata Capital Ltd.
Experts said cooperation between regulators and market players is important for the growth and development of the financial sector.
He said the RBI's preview of supply-side metrics also looks promising, especially with regard to food inflation and reviving rural demand, a key catalyst for sustainable growth.
"The stability of the rupee on the back of comfortable foreign exchange reserves and better prospects for global trade provide another positive to the economy," Sood said.
RBI Governor Shaktikanta Das said there is a need to keep an eye on the challenging geopolitical situation impacting the global supply chain.
ASSOCHAM appreciated the RBI's assurance in the policy statement about remaining agile and flexible in its liquidity management to maintain financial stability in the system.
Industry experts said the first MPC after the elections has created confidence and stability in the market.
With the repo rate stable at 6.5 per cent, the RBI is indicating to balance growth and inflation.
“In line with the RBI stance, it is important to have strong governance, risk management, compliance culture and customer protection within the sector,” said Rajeev Sabharwal, MD and CEO, Tata Capital Ltd.
Experts said cooperation between regulators and market players is important for the growth and development of the financial sector.
