Views on Monetary Policy by Mr Saket Dalmia, President of India Sotheby`s International Realty
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Below the Views on Monetary Policy by Mr Saket Dalmia, President of India Sotheby`s International Realty
The RBI's decision to maintain the policy rate aligns with expectations, given the current inflation and global economic scenario. While the near-term outlook for global growth appears positive, the medium-term outlook faces challenges due to demographic shifts, climate change, geopolitical tensions, and fragmentations. Despite this, domestic economic activity remains resilient.
The MPC emphasized the need to maintain a disinflationary stance to ensure inflation aligns with targets while supporting growth, thus keeping the policy rates unchanged.
Stable interest rates are beneficial for various industries, especially real estate.
We support the RBI's current stance and anticipate future rate cuts, which would positively impact the real estate sector and contribute to overall economic stability and growth.
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