freshman year Has started. This year you will get many good news one after the other. First of all, your loan EMI will be less. Economic experts say that RBI may cut the repo rate in the monetary policy of February. This will reduce the EMI of your home, car and all other loans. RBI has not cut interest rates for the last 2 years due to inflation. RBI is now expected to cut repo rates. With GDP slowing and differences between the Finance Ministry and the RBI over the growth versus inflation debate, all eyes are on a possible interest rate cut in February when the central bank’s Monetary Policy Committee is headed by new Governor Sanjay Malhotra. Will hold the meeting for the first time under the leadership of. The committee meeting will be held immediately after the Union Budget for the financial year 2025-26, in which the economic and fiscal blueprint of the Modi 3.0 government will be presented.
GDP will gallop
India’s economy is expected to make more positive progress in 2025, leaving behind the sluggishness of the September quarter. Reserve Bank of India (RBI) economists said high-frequency indicators for the third quarter (July-September) of 2024-25 suggest the economy is improving, driven by strong festival activity and sustained growth in rural demand. The country’s economic growth fell to a seven-quarter low of 5.4 percent in July-September. However, Union Finance Minister Nirmala Sitharaman has called it a ‘temporary setback’. Sitharaman, during a discussion in Parliament, had said that the lower-than-expected GDP growth of 5.4 per cent in the second quarter was a temporary setback and the economy would see healthy growth in the coming quarters.
Employment opportunities will increase
With the revival of the Indian economy and increase in expenditure by the government, new job opportunities will increase in many important sectors including infrastructure and manufacturing. There is good news for the youth. There is also a budget in February. In this also the government can announce measures to increase employment. In the last budget, the government’s focus was on employment generation. ICRA’s Chief Economist Aditi Nair said that the economic outlook of the Indian economy appears quite bright from the domestic scenario amid rising global uncertainty, geopolitics and conflict, relaxation in the policy rates of the central bank and rising commodity prices, threat of tariffs etc. It happens. He said, a new medium-term fiscal path is expected to be revealed in the Union Budget for the upcoming financial year 2025-26. Later, the recommendations of the next Finance Commission will decide the direction for fiscal policy. Private sector capacity growth may remain somewhat cautious given global uncertainties and their impact on exports.
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