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Likely to lose 1% of GDP growth in FY25, FY26 due to delayed rate cut: Varma | Interviews

Likely to lose 1% of GDP growth in FY25, FY26 due to delayed rate cut: Varma | Interviews

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Jayanth Varma, External Member of the Reserve Bank of India’s Monetary Policy Committee.


Jayanth Varmaan external member of the Reserve Bank of India’s Monetary Policy Committee (MPC), has voted for a rate cut since the February 2024 review meeting. Varma, in an email interview with Manojit Sahasays delaying the rate cut has resulted in growth casualties, and such losses for another year would be unfortunate. The August meeting was the last for external members who have a fixed four-year term.


On the record, you said that several policy measures in recent years have increased the potential growth rate of the Indian economy

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