Why Interest Rates Are Going Down in India The Reserve Bank of India (RBI) recently lowered interest rates, sending ripples through the country's economy.
This decision was a response to slowing growth and rising inflation, which have been weighing on India's economic landscape.
Understanding the Context: India's Economic Challenges India's economic growth has slowed down over the past year, with GDP growth rates declining from 7. 5% in 2016 17 to around 5%.