India's MPC members debate timing of interest rate cuts for economic growth and job creation.
India's MPC members believe the country needs interest rate cuts to achieve its full potential growth. However, they are divided on the timing of such cuts. With economic growth currently strong and potential uncertainties surrounding inflation, maintaining stability and a status quo on rates has been preferred by some MPC members. Despite this, MPC members Varma and Goyal emphasize the importance of rate cuts to support the economy's growth and create job opportunities.
April 21, 2024
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