Is there a chink in India's industrial armoury? RBI MPC's Nagesh Kumar explains why a 25-bps rate cut is needed

Nagesh Kumar, a new MPC member, attributes the sluggish private investment in India to weak demand both domestically and globally. Despite strong macroeconomic fundamentals and government reforms, private sector investment remains stagnant. The pandemic-induced supply chain restructuring presents an opportunity for attracting foreign investments, but improving the investment climate is crucial.