RBI Rate Cuts- A Curse Or A Boon!
The government has projected GDP growth at 8 to 8.5 percent but still it might left companies overloaded with debt and odd loans, even tax revenues are week. RBI has taken into account about these indicators and hence decided to help corporate too. Corporate will also be benefited with the cheaper corporate loans.
Reserve Bank Of India realized that despite of the new reforms in tax and other provinces declared by the Finance minister, growth is still the main challenge. Hence, through its rate cuts policy RBI aims to bring momentum in the economy of the country. Now, the consumers can be left with more saving in their pockets even if they spend more. With the easily available loan corporate as well as the consumers will pick up the pace.
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