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RBI should cut rates: Piyush Goyal
The Statesman
|November 15, 2024
The Reserve Bank of India (RBI) should cut interest rates to boost economic growth and look through food prices while deciding on monetary policy, Union commerce and industry minister Piyush Goyal has said, in possibly the first time a government minister has backed calls to re-examine the nation's inflation targeting framework.
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Mr Goyal was speaking at an event in Mumbai on Thursday. "I certainly believe they (RBI) should cut interest rates. Growth needs a further impetus," Mr Goyal said, also stating that it's an "absolutely flawed
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