The rich industrialised countries -- especially Europe - are going through a slowdown which again creates a scope for India to come up. Having said that, my view is India's inflation worry is not a serious worry at this stage. Its growth is slowing down, its investment needs to pick up, people should feel free to borrow money and invest in infrastructure, make long-term investments. If I were casting a vote, I would have gone for a 50 bps cut at this point. India needs to push back investment, infrastructural investment, long term investment because these things feed into growth.

Source: Economic Times August 05, 2017 06:28 UTC