In the last monetary policy review, the Reserve Bank of India left key interest rates unchanged as widely expected. The monetary policy stance remains accommodative, and the tone is explicitly dovish. It is quite evident that growth remains the policy priority for the central bank. The RBI has also reiterated its stance of keeping liquidity ample and borrowing costs low. The question is in order to ensure a faster recovery do we require more support from fiscal authorities? RBI has ensured that systemic liquidity conditions will remain ample, but what about distribution? To discuss that Mint's Nasrin Sultana is in conversation with Rupa Rege Nitsure, Group Chief Economist at L&T Financial Services.
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