The increased repo rate and RBI’s CRR announcement have many debates. Experts describe it as an unavoidable move by RBI, given the high unemployment rates. The inflation will rise by 2.6% to 5.7% in 2022, making the common man suffer from loans and high EMIs.
Mr.Subhash Goel, MD, Goel Ganga Developments, takes it positively, stating that the Indian economy is in good shape, and the RBI hiking the repo rate is not surprising. Many people on the fence will take this opportunity as rates rise, which may be a blessing in disguise.