“The RBI’s latest Monetary Policy, emphasises a cautious decision to maintain the policy repo rate at 6.50 percent. The upward revision of the real GDP growth forecast to 7 percent for 2023-24 from 6.5 percent shows the buoyancy in the Indian economy. With the taming of inflation, we expect a reduction in the interest rates in the coming quarters which will further push the growth rate.
Rajiv Agarwal – MD & CEO, Essar Ports
“Today’s decision by the Reserve Bank of India to maintain the status quo on key lending rates is a prudent move in the backdrop of India’s accelerating GDP growth and manageable inflation. The anticipated GDP growth rates for the upcoming fiscal year signal positive momentum. Despite global uncertainties, the RBI’s commitment to maintaining inflation projections provides a stable foundation for strategic planning within the industry. We remain vigilant to market dynamics and look forward to continued collaboration with stakeholders to foster sustainable growth in the sector.”
Pankaj Kalra – CEO, EOGEPL
“The RBI’s strategic decision to keep the repo rate unchanged reflects a sound economic strategy amid dynamic global conditions. This consistent stance provides critical assistance for businesses and consumers, notably for the power sector as well. The positive GDP outlook and maintained inflation projections provide a foundation for confidence.”
Kush – CEO, Essar Power