Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Monetary Policy To Push Growth
Hindustan Times Haryana
|June 07, 2025
With the rate cut, RBI has sent a strong message to markets, both domestic and foreign, about India's future economic prospects
-
If there was any misconception that India's economic policy establishment had become complacent about the economy's growth prospects after a stellar 7.4% GDP growth in the March quarter, the latest Monetary Policy Committee's (MPC) decision has quelled it. Price stability is only a necessary and not a sufficient condition to ensure growth, RBI Governor Sanjay Malhotra said unequivocally in his statement released after the MPC meeting on Friday. While MPC has retained the GDP growth forecast for 2025-26 at 6.5%, which is what it was in its April resolution, it has administered a 50-basis point reduction in its policy rate. This is double what markets were expecting — and is a strong signal that the economy needs a booster dose of strong medicine, not an incremental one.
This story is from the June 07, 2025 edition of Hindustan Times Haryana.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Haryana
Hindustan Times Haryana
SA crush Pak by 150 runs in game affected by rain
South Africa steamrolled Pakistan by 150 runs in a rain-affected round-robin league match to leapfrog to the top of the points table in the Women’s World Cup here on Tuesday.
1 mins
October 22, 2025
Hindustan Times Haryana
India need to course correct for ODI World Cup in South Africa
Batting woes in the Perth ODI versus Australia shows India have plenty to sort for the 2027 tournament
3 mins
October 22, 2025
Hindustan Times Haryana
Small stores slow to pass on GST rate cuts
It has been nearly a month since the government's latest Goods and Services Tax (GST) rate cuts came into effect, but chances are some packaged goods may still be sold at old prices in small retail stores.
2 mins
October 22, 2025
Hindustan Times Haryana
Trade to trust: Rebuilding Canada-India partnership
Canadian foreign minister Anita Anand’s visit to Delhi and Mumbai last week marks a new juncture in Canada-India relations.
3 mins
October 22, 2025
Hindustan Times Haryana
Expanding net: MCD plans 30 new border toll plazas
The Municipal Corporation of Delhi (MCD) plans to hire a new agency to collect toll tax at 156 entry points on Delhi's borders —30 more than in 2021, when 124 sites were covered.
1 mins
October 22, 2025
Hindustan Times Haryana
AIR INDIA FLIGHT SAFETY AUDITOR FOUND DEAD IN GGM PG: POLICE
A flight safety auditor with Air India was found dead in his room at a paying guest (PG) accommodation in Gurugram on Monday, police said on Tuesday.
1 min
October 22, 2025
Hindustan Times Haryana
Burden of proof: SC warns against rigidity
Rule relating to prosecution’s burden of proof benefits serious offenders, the court noted
2 mins
October 22, 2025
Hindustan Times Haryana
Adaptation to be key issue at COP30: UN climate chief
Adaptation will be a central issue at the 2025 UN Climate Change Conference (COP30) in Brazil's Belem, with parties expected to agree on adaptation indicators and work to close the adaptation finance gap, UN Climate Chief Simon Stiell said on Tuesday.
1 min
October 22, 2025
Hindustan Times Haryana
Indian, Chinese soldiers exchange Diwali sweets
Indian and Chinese soldiers exchanged sweets on Diwali as a goodwill gesture along the line of actual control (LAC) that stretches from Ladakh to Sikkim and Arunachal Pradesh, officials said on Tuesday.
1 min
October 22, 2025
Hindustan Times Haryana
Opposition condemns Lokpal tender to buy 7 luxury cars worth ₹5cr
ON OCT 16, LOKPAL FLOATED A TENDER TO PROCURE SEVEN BMW CARS TO PROVIDE A VEHICLE FOR EACH MEMBER OF THE OMBUDSMAN
1 mins
October 22, 2025
Listen
Translate
Change font size