Senior leadership at Essar share their views on RBI Policy

Senior leadership at Essar share their views on India’s fourth bi-monthly monetary policy for fiscal FY22.

“With today’s announcement, RBI continues to calibrate its policy and measures to boost growth and revive the Indian economy. RBI maintaining its FY22 GDP growth forecast at 9.5% showcases the underlying resilience of the economy.”

Prashant Ruia
Director, Essar Capital

“As the accommodative stance of the government continues, it was no surprise that RBI kept the Repo rate and the reverse repo rate unchanged. The focus expectedly still remains to strengthen a recovering economic and support sufficient liquidity to keep borrowing costs low especially for companies which will help drive investments. As the country moves into the festive season, increase in consumption levels on the back of pent-up demand should provide a huge impetus especially from the urban areas. It is encouraging to see the inflation trajectory more favourable than expected which highlights stability and strong recovery of the Indian economy.”

Sanjay Palve
Senior Managing Director, Essar Capital

“RBI continues its focus on the revival of the country’s economy by adding sufficient liquidity to ensure stability in the current pandemic scenario. The decision to keep the rates steady with repo rate and reverse repo rate unchanged was expected and much needed in the current scenario to aid the recovery of the economy. We are definitely witnessing a pick up in the economic activity which is gaining momentum and the coming festive season will surely boost consumption even further.”

Rajiv Agarwal
Operating Partner, Infrastructure – Essar Capital
Managing Director – Essar Ports