Just as the world economy slows down, there have been major changes in the Indian economy, too, which is a developing economy, and the nation has always been seen as a very great and strong economy, and little shocks to the economy are not even felt. But all hell broke loose in 2019 for India when the auto sector collapsed, and the nation's finances also failed miserably the global economic slowdown hit the nation and killed the economic growth which was nominal as the government had been taking a huge bite out of tej growth from the bad reforms that it has been making.
The Reserve Bank of India has been planning announce some more rate cuts, and we think that this will be a major help to change the situation of the failing economy of the nation of India. This will be the sixth time the rate cuts will have been announced if they do it this December, which is what the rumors and sources have been saying. These rate cuts have failed to aid the economy and give it the boost ot requires, but even If it does, it will be a very mere help that would not make a huge difference that the nation currently needs.
So these rate cuts while necessary need some other reform on the side to help the economy as it needs completely. RBI has become the most aggressive major central bank in the world due to these rate cuts, and that is not a good sign for the economy.
Tags : RBI, Indian Economy,