While India’s economy may be slowing, manufacturing and automobile sales data for January indicate resilience. A fiscal stimulus will take effect from April. Will RBI cheapen credit too?
Mint Quick Edit | Sighs of relief amid signs of a slowdown
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Feb-05
Economy
Right Variant
Score: 0.80
Despite a general economic slowdown, India's manufacturing and automobile sectors stand as beacons of resilience, signaling the strength and adaptability of its economy. The upcoming fiscal stimulus in April showcases the government's strategic planning in bolstering growth. While there are calls for the RBI to ease credit, it's imperative to approach this with caution to prevent inflationary pressures and maintain fiscal health for a sustainable economic future.
From Livemint
Feb-05
Economy
Left Variant
Score: 0.20
As India faces an economic deceleration, the latest figures in manufacturing and automobile sectors show promising signs of resilience but underscore the urgent need for the government to step in with robust fiscal measures. The April stimulus package is a step in the right direction, but further efforts are required. Additionally, the RBI must act promptly to ease credit conditions, ensuring that workers and small businesses are not left behind in these challenging times.
From Livemint