PR No – 170
7th October, 2024
New Delhi
Repo rate cut will boost business sentiments: PHDCCI
India’s inflation trajectory is coming significantly down below the RBI target band, at this juncture, the repo rate cut will have strong positive impact on India’s consumption demand and overall economic growth, said Mr Sanjeev Agrawal, President, PHDCCI.
The higher level of kharif sowing indicates robust harvest touching the mandis in the coming days and improving the supplies further, said Mr Agrawal.
Improved supply chains will support the inflation trajectory to remain in the benign conditions, he said.
As inflation is softening in many economies, cut in policy rates becomes inevitable to support growth and to boost production possibility frontiers, said Mr Sanjeev Agrawal.
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Warm Regards,
Media Division
PHD Chamber of Commerce and Industry