India's economic growth needs more affordable interest rates, minister says

Quick Summary:

India's Finance Minister, Nirmala Sitharaman, emphasized the need for more affordable bank interest rates to stimulate economic growth.

Her comments followed a surge in retail inflation driven by rising food prices, which impacted hopes for an interest rate cut by the Reserve Bank of India.

The trade minister, Piyush Goyal, backed the suggestion.

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Article Details

Author / Journalist: Reuters

Category: EconomyBusiness

Markets: India

Topics: Monetary policy Affordable interest rates Reserve Bank of India Retail inflation India economic growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 22:53:37 (3 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23664478

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Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

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