Mr. Rajiv Agarwal, Operating Partner (Infrastructure), Essar and
Managing Director, Essar Ports
“RBI’s decision to raise the repo rate by 50 bps to 5.40 percent clearly
signals the intent to keep the country within the targeted inflation
rate. Hence the GDP growth forecast was also retained at 7.2% which
is still one of the best globally. The country’s economy is heading in
the right direction with Urban demand increasing and domestic
economic activity showing signs of broadening even though rural
demand shows a mix trend. The RBI and MPC have taken bold steps
to overcome the global headwinds that are driving inflation and keep
the Indian economy on the path of growth.”