FICCI Welcomes RBI’s Bold, Proactive Move
FinTech BizNews Service
Mumbai, 6 June 2025: Commenting on the monetary policy announcement made earlier today, Mr Harsha Vardhan Agarwal, President, FICCI said, “FICCI welcomes RBI’s bold and proactive move to slash the repo rate by 50 basis points — a cut that was higher than market expectations. This frontloaded rate cut sends a strong signal of the RBI’s commitment to supporting growth, especially at a time when the Indian economy is navigating multiple headwinds — from trade uncertainties and geopolitical tensions to financial market volatility. The move is timely and will help boost domestic demand, encourage credit offtake, and inject further momentum into economic activity.”
“The RBI’s GDP growth projection of 6.5 per cent along with a benign inflation outlook underscores the resilience of the Indian economy. It also reflects confidence in the fundamentals and the effectiveness of calibrated policy support,” added Mr Agarwal.
“The RBI has struck the right balance — prioritizing growth without compromising its inflation mandate, which is critical in the current global economic climate,” he emphasized.
