RBI Governor Shaktikanta Das states elevated rates aren't hindering growth, citing strong economic activity and robust investment intentions.

With this new stance, many experts believe the central bank is opening the door for potential rate cuts in the near future. Below are key insights from industry professionals on what this policy change means for the Indian economy and financial markets.

RBI governor warns NBFCs against unsustainable practices, emphasizes need for sustainable growth and risk management frameworks.

Banking Financial Companies (NBFCs) are aggressively pursuing growth without proper administration, said Reserve Bank of India (RBI) Governor Shaktikanta Das while announcing the decisions during the bi-monthly Monetary Policy Committee (MPC) on Wednesday.

Reserve Bank of India Governor Shaktikanta Das estimated real GDP for 2024-25 to be 7.2 per cent. He projected real GDP for 2024-25 Q2 at 7 per cent, Q3 at 7.4 per cent, and Q4 at 7.4 per cent in the 51st meeting of the MPC.

RBI Governor Shaktikanta Das emphasised India's economic stability and strength, highlighting declining inflation and robust growth. He noted rising foreign exchange reserves, fiscal consolidation, and a resilient financial sector.

Reserve Bank Governor Shaktikanta Das has stated that elevated interest rates are not hindering economic growth, which remains robust. The RBI kept the policy rate unchanged, with growth projected at 7.

In his post-Monetary Policy Committee (MPC) meeting address, Governor of Reserve Bank of India Shaktikanta Das shared that the committee expects the inflation to reach the mark of 4.8 per cent in the third quarter of the current financial year (Q3FY25) with the hopes of annual inflation taming down to 4.