RBI Cuts India's Growth Forecast Amid Slowdown Fears | Vantage with Palki Sharma

RBI Cuts India's Growth Forecast Amid Slowdown Fears | Vantage with Palki Sharma

The Reserve Bank of India resisted pressure to cut key lending rates after the latest GDP figures disappointed. The RBI has kept the repo rate unchanged at 6.5% for nearly 22 months amid fears of rising inflation. Palki Sharma tells you more about the RBI's economic outlook.

---

RBI | GDP | Inflation | India | Economy | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#rbi #gdp #inflation #india #economy #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.

Subscribe to Firstpost channel and press the bell icon to get notified when we go live.

Follow Firstpost on Instagram:

Follow Firstpost on Facebook:

Follow Firstpost on Twitter:

Follow Firstpost on WhatsApp:

[alanethanfield]

Need tax cut especially for the middle class to promote people spending

[smitheshn]

Milking the middle class will be the downfall of

[jithu]

Y is modi not being asked!...when it is 8 percnt it is because of modi..butbwhen 5 ..the face is rbi governor!

[venugopalnadhani]

The nation is doomed with this finance minister!

[kamranali]

But you worry more china compare to India

[keepcalm]

1. cutting the taxes= people spend more money, businesses come back to India/register in india, manufacturing goes up. 2. Cut the interest rate= Businesses borrow money to expand their business, hire more people, wages go up. 3. Lift regulations for ease of business in India. Trying to open a foreign business in India is a nightmare. Bureaucrat process is complicated because government wants its hand in every process.

[rameshpudhucode]

A developing nation growing at 7% is very much possible. Especially we are a low income natuon of 2, 500 dollars per capita.

[mrs]

before 2014 elections
cruid oil price around 105 dollars per barrel.
and petrol around 72 rupps per litter
Now
in 2024 cruid oil price around 77 dollars per barrel. Even got cheaper Russian oil
and yet petrol around 104 rupps per litter

Mudi sarkar ki Jai

[Amer.Rai.]

But RBI did not mentioned indicators behind forecast

[MrBANTY]

Very thoughtful step has been taken by the governor of rbi🙏

[DebnathBarman-rfir]

Inflation rate in general stay just above repo rate. Our repo rate is 6.5%, what ever data RBI released, RBI is well aware of the fact that our actual inflation rate is above 6.5%, that's why inspite of economic slow down, RBI is not in a position to cut down the repo rate. If inflation rate come down much below repo rate and still RBI do not cut repo rate, there will be negative credit growth.

[User]

They have to provide intrest rate slabs . For example they have to provide a low intrest rate for home loan upto 50 lakh and higher for 50 lakh+, since middle class people are fall under upto 50 lakh range .

[DineshTwanabasu]

But you were saying 24/7 that Chinese economy is collasping, and now what happened?

[ShounakDebnath-effn]

The finance minister needs to be fired … she is literally milking the middle class and using the collected taxes to give out freebies in Maharashtra and other states .. that old geezer doesn’t even know where to spend the collected taxes .. sectors like education and defence remains helpless … wonder how India will sustain

[jepcmpe]

Indians really thought that creating a narrative of 7% economic growth on social media will actually make their economy grow by 7%.

"Why don't you fix the problem instead of fixing the narrative?" - S. Jaishankar to Europe.

[arunkottolli]

Finance ministry should cut down subsidies and lower taxes to encourage more economic growth

[hemikovsky]

Ye to hona his tha! Even before Brand India took off, It came down with a thud! Bharat maat ki jai. Jai Shree Ram!

[travellerlife]

IT is not governer, the ignorant FM an PM are the real culprits. The effects of demonetization has long lasting implications . Unfortunate that there is no visionary like Manmohan Singh.

[deepakgeorge]

Link INR to gold.. start responsible spending..else get lost.. slaves of Trump in Bharat.. whatever expletive any US future president gives our Ram Rajya leadership will happily accept.. obviously this is much easier then "proper responsible spending" in line with actual income..

[wongsoongcheng]

The crucial factor is that we still beat China!