Economic slowdown in country serious enough to demand immediate policy attention: MPC member Nagesh Kumar
New Delhi [India], December 21 (ANI): The ongoing economic slowdown in the country has become serious enough to demand immediate policy attention, said Monetary Policy Committee (MPC) Member Nagesh Kumar.
Advocating for 25 basis points (bps) cut in the repo rate during the December MPC meeting, Kumar highlighted the urgent need to address the dual challenges of declining growth and inflationary concerns.
He said, "The ext