The policy announced by Reserve Bank of India Governor, Dr Shaktikanta Das, in maintaining a Status Quo and not changing the Repo Rate is accommodative and will help the economy in improving further said Vijay Kalantri, President, All India Association of Industries (AIAI).
The policy will help in promoting economic recovery and growth Dr Kalantri said in a statement here.
“GDP economic growth predictive of 7.8% is realistic and inflation which is kept at 4.5 percent may be higher and shall depend on the international factors, he said.
However, Kalantri opined that reduction in taxes could lower the inflation rate, which can boost growth and relief to all sections of society.
The All India Association of Industries (AIAI) feels that the Reserve Bank of India (RBI) should have come out with one more package to support the Micro, Small and Medium Enterprises (MSME) Sector which is struggling to revive but is on a growth path and this could have resulted in better growth of employment and exports.
