Commenting on the monetary policy statement released by the RBI today, Mr Harsha Vardhan Agarwal, President, FICCI, said, “FICCI is encouraged by the RBI’s upward revision of India’s growth outlook from 6.5% to 6.8% for FY 2025-26, reflecting the economy’s underlying resilience and the positive impact of recent policy initiatives, particularly the rationalisation of GST.”
He further added, “We also welcome the additional measures announced by the RBI aimed at strengthening the banking system, enhancing credit flows, improving ease of doing business for exporters, and advancing the internationalisation of the Rupee. These timely and forward-looking measures are expected to further bolster business confidence.”
“As we look ahead to accelerating growth momentum, we remain confident that the RBI will continue to support economic growth through appropriate and timely measures, including the possibility of a repo rate cut in the next policy statement,” Mr Agarwal concluded.