
India’s Central Bank Cuts Key Rate to Boost Slowing Economy
India’s RBI cuts key lending rate for the first time since 2020 to stimulate economic growth amid declining GDP figures and global uncertainties.
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India’s RBI cuts key lending rate for the first time since 2020 to stimulate economic growth amid declining GDP figures and global uncertainties.
Indiaโs Reserve Bank cuts the key lending rate by 25 basis points to 6.25%, the first adjustment since 2020, aiming to boost a slowing economy amidst global uncertainties.
Princeton professor Ashoka Mody argues that India’s reported 7.8% GDP growth masks rising inequalities and job scarcity, challenging the nation’s true economic health.