The Monetary Policy Committee of the Reserve Bank of India, which started its last meeting for the fiscal year on Monday, has a relatively difficult decision to make. In this context, our lead editorial notes that it makes sense for the MPC to increase the policy rate by 25 basis points now and signal that future action would depend on data. A rate hike after a pause would not have the desired impact. Read here
In other views:
Given that labour input is hard to change, and total factor productivity changes slowly, gross domestic product growth acceleration