The RBI’s decision to keep the Repo Rate steady in its bi-monthly monetary policy is critical for the Indian economy. Governor Shaktikanta Das reiterated his willingness to take action if necessary while indicating a pause for this meeting only.
Unprecedented geopolitical and economic uncertainties influenced the choice. In FY23, real GDP growth is projected to increase by 7% due to India’s economy’s ongoing resiliency. This decision will benefit the real estate sector, particularly residential construction. Mr. Subhash Goel, Director of Goel Ganga Developments, is among the experts who have praised the repo rate suspension as essential for improving real estate skills.
Read to know more: RBI Decides To Keep Repo Rate Unchanged At 6.5 Per Cent
