Comment on RBI Monetary Policy by Mr Amit Goyal, MD, India Sotheby's International Realty
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Below the Comment on RBI Monetary Policy by Mr Amit Goyal, MD, India Sotheby's International Realty
The RBI's decision to maintain policy rates at 6.5% was anticipated, given the global uncertainties, which is also highlighted by the governor, including ongoing conflicts and emerging flashpoints worldwide, with disruptions in the Red Sea being the latest example.
However, the encouraging aspect is the remarkable performance of the Indian economy in recent years. Growth is accelerating, surpassing most forecasts, and inflation is on a downward trend. The projected real GDP growth for the next financial year stands at 7%, with risks evenly balanced. Headline inflation has moderated to 5.5%, which is positive news. If the current scenario persists, we may anticipate a rate cut in the next MPC meeting.
Overall, the current situation bodes well for the real estate market, and we anticipate robust demand to continue, particularly in the luxury real estate segment.
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