The RBI’s latest rate cut announcement along with the extension of the three-month moratorium will provide a breather for individuals and businesses. India has used both monetary and fiscal measures to minimise the impact of the pandemic. However, economic revival will now be dependent on restoring production and consumer demand.
RBI rate cut, moratorium extension will help, but only revival of production & demand will boost economy
ThePrint view on the most important issues, instantly.
ThePrint team.