Just after getting elected, the Finance Minister started demanding a decrease in interest rate. The recent fall in crude oil prices and slowdown in the manufacturing sector also support this demand. The reduction in rates will help industries to come up with new projects or improvise the existing ones . As a result , jobs will be generated and economy will revive. But RBI Governor doesn’t look interested as he feels , inflation should be tackled first.Once inflation is at a sustainable level, the rates could be reduced. Who do you think is right ?
