“The RBI’s decision has surprised many but at the same time it also looks like a decision coming out from a disciplined way of taming inflation. We don’t have many choices. Inflation is increasing and production is reducing. As such, the growth at high inflation rate will not help the economy much. Hence, taming inflation should remain the priority as of now as the pressure is coming directly upon the prices of the basic necessities which in turn are hampering the household budgets. Let’s hope that we receive normal monsoon in India which can take care of the food prices for the year ahead.”
Anil Agrawal, Whole-time Director, Sanwaria Agro Oils Limited