STOCK MARKET BSE NSE

RBI Chief Rajan Says Conditions in Place for Economic Growth

Conditions are in place for the Indian economy to start growing faster in the next few quarters due to its rate cuts.

Published: 06th April 2016 02:16 PM  |   Last Updated: 06th April 2016 02:16 PM   |  A+A-

MUMBAI: Conditions are in place for the Indian economy to start growing faster in the next few quarters as banks pass on its rate cuts to their borrowers, Reserve Bank of India Governor Raghuram Rajan told Bloomberg TV in an interview on Wednesday.

Still, Rajan left open the prospect for more easing should inflation conditions allow it, though he added that inflation in services, education and health care had not yet eased "dramatically."

Rajan said a softening in Indian inflation to closer to global trends of lower inflation would add room for potential rate cuts.

The RBI cut its policy rate by 25 basis point to a more than five-year low of 6.50 percent on Tuesday.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp