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Economists feel RBI may need to aggressively cut rates alongside fiscal stimulus

by the owl speaks

The $266 billion economic rescue plan outlined by the Indian government last week is largely focused on boosting company loans for micro, small and medium-sized enterprises ( MSMEs), but it had limited new public investment, tax cuts or cash support to revive demand. DBS economist Radhika Rao said “In the immediate term, cumulative government measures will help partially ease the cash squeeze felt by MSMEs to help them bide time.”

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