A rate cut followed by a hike!

.....So, we fear that the April 17 rate cut may well be the last for this year. And come June-July we’ll all be talking about the next rate hike. For India to return to the high-growth and low-inflation environment of the mid-2000s, corporate investment has to revive. Monetary policy didn’t cause its demise and it isn’t its savior. The solution, alas, lies with the government..

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