India’s Growth Needs a Gentle Push—and the RBI Is Right to Give It
In a world plagued by economic uncertainty and policy reversals, India’s central bank has taken a route of cautious optimism. The Reserve Bank of India’s Monetary Policy Committee (MPC), in its April meeting, reduced the repo rate by 25 basis points to 6%, the second consecutive cut, changing its stance from “neutral” to “accommodative.” This […]