New Delhi: RBI’s decision to keep interest rates unchanged while continuing his accommodating attitude is a wise step considering uneven recovery paths, India said on Friday.
The central bank is expected to keep interest rates unchanged at a record low on Friday but mark the start of the pandemic era stimulus measures tapered on economic recovery.
Chandrajit Banerjee, Director General, CII said even as a sign of encouraging improvement has been recorded in several pockets of growth lately, “We are in consentance by reading the RBI that the current growth recovery process will require sustainable policy support even when the inflation trajectory has changed out for more profitable than expected “.
PhDCCI said the accommodative stance policy by the RBI will increase consumption and strengthen economic recovery.
“Quo status for the main policy level by the RBI will strengthen economic recovery with increased consumption and pradeep,” Pradeep said, “said Pradeep Multani, President, Chamber of Commerce and Industry PhD .
He said the attitude of accommodating policy at this point will further increase business sentiment and open the way for the growth of two-digit GDP in the year 2021-22 Hurray and not enough to him.
“RBI’s assessment is mostly on the path and GDP growth for FY22 it might even reach two digits, considering the change in demand is hidden, as he is being witnessed,” he said FICCI said the policy tone was on the expected path and came without surprises.
“We were encouraged to record the S approach Eimbial reserve bank with growth that continues to be taken into consideration.
When we move forward on the recovery course, support from all channels will be needed until growth finds stronger soil.
RBI continues to maintain it adequately.
Liquidity even when we see some movements towards normalization, “he added.