India Inc disgruntled with RBI not slashing rates

  • India Inc is dissatisfied with RBI’s decision of keeping interest rates unchanged
  • As per Assocham, a cut in interest rates may give some boost to the industrial sector and help the economy come back on the higher growth trajectory
  • The step by RBI shows its priority to curb inflation over growth
  • As per CII, supply-side factors are responsible for the rise in Inflation and RBI should cut interest rates by 1%

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