CNBC-TV18’s Rituparna Bhuyan caught up with Baba Kalyani, MD of Bharat Forge for his take on Reserve Bank of India’s (RBI) status quo policy and growth outlook for this fiscal.
If the economy is reasonable, inflation is under control and we don’t have any macrofinancial issues, one should be optimistic that there would be rate cuts to give a further spur to growth of the economy, he said.
I don’t see goods and services tax (GST) as a problem. It is a complex process in terms of getting it going so rather than the rates, it is the system process behind it which needs attention, he added.
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