Will RBI's rate cut help revive growth?
After a nine-month wait, the Reserve Bank of India has finally bitten the bullet and cut the repo rate and CRR by 25 basis points, but gave out a cautious guidance for further easing of rates. Experts, Dr. Brinda Jagirdar, general manager and head of economic research at State Bank of India; A Didar Singh, secretary general of FICCI; S Sandilya, president of SIAM; P Srinivas, ED of Bank of Baroda; Madan Sabnavis, chief economist at Care Ratings and Bharat Mody, CFO of Hubtown Ltd, discuss if the rate cuts will help in reviving growth. They also discuss if inflation and the government's widening current account deficit will continue to remain constraining factors.
