Impact of monetary policy on engineering goods exports

The 25 basis points increase in policy repo rate to 6.50% is on expected lines considering that core inflation remains a concern even as both retail and wholesale inflations have shown a downward trend. While it is paramount to keep inflation in check, the priority now should be on giving a strong thrust to exports to drive economic growth, said EEPC India chairman Arun Kumar Garodia.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.