Comment on RBI Monetary Policy by Mr Prashant Rao, Managing Director, Poulomi Estates, a Hyderabad based real estate developer

08-02-2024 12:38 PM | Source: PR Agency

Comment on RBI Monetary Policy by Mr Prashant Rao, Managing Director, Poulomi Estates, a Hyderabad based real estate developer

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Below the Comment on RBI Monetary Policy by Mr Prashant Rao, Managing Director, Poulomi Estates, a Hyderabad based real estate developer

Against the backdrop of global uncertainties, the RBI's decision to maintain policy rates at 6.5% came as no surprise. However, the governor highlighted that India's potential growth is currently underpinned by structural drivers such as improved physical infrastructure, the development of world-class digital and payment technologies, ease of doing business, increased labor force participation, and better quality of fiscal spending.

Consequently, the projected real GDP growth for the next financial year stands at 7%, with risks evenly balanced, and headline inflation has moderated to 5.5%. These developments bring positive news for both the Indian economy and the real estate sector. With this we anticipate a rate cuts in the next MPC meeting, which will be advantageous for home buyers.

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Comment on RBI Monetary Policy by Mr Prashant Rao, Managing Director, Poulomi Estates, a Hyderabad based real estate developer

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