Govt counts on tax, interest rate cut to revive economy; investors cautious

Quick Summary:

At a press conference on Friday, Sanjay Malhotra, the newly-appointed RBI governor, put forth an optimistic outlook for India’s growth, saying the country should “aspire” to a long-term expansion of 7 per cent, while forecasting growth of 6.7 per cent in the coming fiscal year.

While the South Asian nation hasn’t been directly targeted by Trump, economists say the broader slowdown in global growth damages India’s own outlook.

Some economists also question whether New Delhi is relying too heavily on dividend payouts by the central bank to finance its 1 trillion rupees ($11.4 billion) in tax cuts.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: India interest rate cut Budget 2025 India economy Income tax cut RBI

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-08 @ 21:42:29 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 719 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25983064

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 201 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions