Introduction

The Reserve Bank's monetary policy committee decided to continue to retain the benchmark interest rate at 6.5%. Its estimate for inflation for FY24 is at 5.1%. Given the RBIs and other central banks' hawkish views on rates, where does India's economy stand? Would the impetus for economic growth have to come from an accommodative fiscal policy, given that the RBI's focus seems highly trained on inflation? Professor Leika Chakraborty joins us today to share her perspectives with us on the subject.