Repo rate cut to boost growth says Mr. Kalantari

Repo rate cut to boost growth says Mr.  Kalantri

The announcement of Dr. Raghuram Rajan, Governor of Reserve Bank of India (RBI)  to cut repo rate under the Liquidity Adjustment Facility (LAF)  by 25 basis points will give the much needed boost to  the manufacturing  and MSME sectors says  Mr. Vijay Kalantri, President, All India Association of Industries (AIAI).

AIAI suggest that in order to restrain the inflation of fiscal deficit Dr. Rajan should consider a cut of 50 basis points in the monetary policy in near future which will give impetus to the infrastructure and   manufacturing sector as well as SME’s added Mr. Kalantri.