India's economic growth needs more affordable interest rates, minister says

India's Finance Minister, Nirmala Sitharaman, emphasized the need for more affordable bank interest rates to stimulate economic growth. Her comments followed a surge in retail inflation driven by rising food prices, which impacted hopes for an interest rate cut by the Reserve Bank of India.

Nov 18, 2024 - 21:00

India's economic growth needs more affordable interest rates, minister says

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

India's Finance Minister, Nirmala Sitharaman, emphasized the need for more affordable bank interest rates to stimulate economic growth. Her comments followed a surge in retail inflation driven by rising food prices, which impacted hopes for an interest rate cut by the Reserve Bank of India.