Rohit Poddar, Managing Director, Poddar Developers
´This is a very progressive step and a sound balance between stimulating growth and yet being cautious for curbing retail inflation post what is expected to be a bad monsoon.
Food prices are expected to rise post monsoon, and oil is now $ 60 + despite reports from leading experts predicting oil prices to be sub $ 50. I hope the banks and financial institutions now pass on the substantial reduction in rates over the last 6-9 months to end customers and also to the Corporate Sector. Unless this happens, consumption will remain subdued and consequently the investment cycle will not pick up.´