February 7, 2025 2:48 PM
Budget 2025: How It Can Propel India on The Growth Path
Less than a week after the finance minister announced the budget, the Reserve Bank of India announced a rate cut, reducing the repo rate by 25 basis points. The synchronisation between the government and the central bank ensures that the temporary dip in the growth numbers is reversed immediately. The tea leaves are being read correctly and, more importantly, on time. In the second quarter of FY25, India’s Gross Domestic Product (GDP) grew by 5.4 per cent. Much of it can be attributed to the ...