Rate-setting panel must act proactively to stimulate private investments: Jayanth Varma

Jayanth Varma, a member of India's Monetary Policy Committee, stresses the need for proactive measures to boost private investment by lowering interest rates. Varma argues that lower real interest rates would enhance demand conditions, reduce financing costs, and spur private spending. He advocates for a reversal of the current tight monetary policy stance to stimulate investments and support economic growth amid challenging global conditions.