In the latest Monetary Policy Committee (MPC) meeting, Reserve Bank of India (RBI) Governor Sanjay Malhotra emphasized that the current macroeconomic conditions and the anticipated alignment of inflation with target levels make it an “appropriate time” for a rate cut. He highlighted

India's business activity expanded at its slowest pace in over a year in January 2025, with the Composite PMI declining to 57.9 amid a services sector slowdown and manufacturing resilience.