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Jul 31, 2015
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Adaptive RBI policy can lift India’s growth to 7.6%
An accommodative monetary policy would lift India’s economic growth to 7.6% in 2015 and 8% in 2016, but lack of reforms could derail medium- to long-term growth prospects, Moody’s Analytics said in a report on Thursday. “We expect at least one more benchmark rate reduction in 2015,” Moody’s Analytics, a division of Moody’s Corporation, engaged in economic research and analysis, said. The RBI is scheduled to review monetary policy next on August 4.
However, it cautioned that tampering with the RBI’s independence would hurt the country’s economic prospects.
Source -
http://www.financialexpress.com
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