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Below Is The Views On RBI policy 2019 by Mr. Vijay Mansukhani, MD, Mirc Electronics Limited (Onida) and Solar Industries India Limited
Repo Rate cut of 25 bps is quite an encouraging move by RBI though it was mostly on expected lines. This should increase the consumption positively and also overall sentiments of the people. Positive sentiment on the economy generally encourage people to spend on necessities like televisions, air conditioners and washing machines etc.
This will surely improve the liquidity conditions facing by the economy. Moreover, downward revision in inflation targets for Q4 and next year suggest recovery in overall economic growth. We believe that these steps will certainly help in picking-up overall consumer durables demand. This also an indication that FY20 would be low interest rate regime, if inflation continues to be well within 4%.
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