Indian Prime Minister Narendra Modi will be seeking re-election in polls that are due by May this year. Photo: AP Photo

India’s central bank delivers pre-election rate cut prime minister Narendra Modi was hoping for

  • Government officials praise Reserve Bank of India governor Shaktikanta Das’ 25-basis-point rate cut, saying it underlines low inflation and high growth path for India for 2019-20
  • Economists however were more cautious, concerned that the monetary and fiscal stimulus would be inflationary
Topic |   India

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Indian Prime Minister Narendra Modi will be seeking re-election in polls that are due by May this year. Photo: AP Photo
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