RBI's rate cut a timely boost for growth, investment and exports: Industry leaders

New Delhi, Dec 5 (IANS) Industry leaders across sectors on Friday welcomed the Reserve Bank of India’s decision to reduce the repo rate by 25 basis points to 5.25 per cent, calling it a timely and confidence-boosting step that strengthens India’s economic momentum.

The RBI’s policy stance, supported by a revised GDP growth projection of 7.3 per cent and liquidity-enhancing measures, has been seen as creating a favourable environment for investments, exports, and infrastructure development.