RBI policy reflects cautious optimism: Soumitra Majumdar, Partner, J Sagar Associates

8 Apr 2022 , 02:48 PM

“The RBI statement reflects cautious optimism — focus on ensuring robust recovery before accelerating growth levers. The accommodative policy stance should nurture the credit markets — though the hint of a calibrated withdrawal may add a dash of uncertainty. Continued government borrowings should be directed towards delivering the infrastructure development promises of the government — this will certainly bolster the investment sentiment for India. Policy thrust on climate change risks and its criticality on sustainable financing — important development to be closely watched. The policy also provides adequate push for fintechs — both in terms of deepening the market and for enhancing security.”