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Recently, RBI slashed Repo rate by 100 basis points, in a bid to calm down the things on the economical stage of the country. With the current global scenario looking extremely grim, one can now certainly hope that coming days might see a certain fall in the interest rates of car, auto, home, personal and industrial loan products. This is one move that is being cited as a desperate measures to pump more liquidity into the blocked arteries of the nation's economy.
After Repo rate cut, this certainly was one thing that people were relying upon in this time of economical adversity, in order to seek the much-desired relief. With India surviving the global liquidity doomsday with ease, dealing with the after-affects has certainly proven to be a hard nut to crack for all the policy framers and financial wizards of the country. Thus, in a bid to address the problem of liquidity crunch, the economists are trying almost every possible permutation and combination to get a perfect solution for this problem. Although from time to time, FM and other politically active personalities have assured the people of an immediate relief but of no use. Although, a slight change was observed after the divine intervention of honourable FM, but soon things went back to the old chaotic way.
If India has to evolve as economy, we will soon have to devise a way out of this. Injecting a fresh dose of capital might be the right step at this time, but make sure that it can have its after-effects too, in the form of Inflation and other necessary evils. Hence, the policy framers will somehow have to chalk out a plan where they can find an effective control of these problems.