Comment from George Alexander Muthoot, Managing Director at Muthoot Finance.
“The RBI policy on expected lines kept key rates unchanged and maintained ‘accommodative’ stance, while focussing on withdrawal of accommodation to ensure inflation remains within the target zone while supporting growth. The RBI has revised inflation projection upwards and FY23 GDP growth downwards to 7.2% (from earlier projection of 7.8%). While there is an uncertainty evolving around geopolitical tensions, high global crude oil prices are likely to keep input cost pressure elevated, however, there is still rising consumer confidence and an optimistic business confidence.We are seeing improved demand both in urban and rural economy and more so the robust Rabi output is expected to support rural demand. The huge investments announced in capital expenditure in this year’s budget and overall easy financial conditions are expected to support the economic revival. We welcome RBI’s extension of support towards individual housing loan segment“
";
.jpg)