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CareEdge Report
Amidst an inflationary environment and turbulent geopolitical scenarios, marked by the Israel-Palestine and Russia-Ukraine conflicts, India remains a beacon of growth.
To balance inflation control with economic growth, the Reserve Bank of India maintained the repo rate at 6.5% for the tenth consecutive time on October 09, 2024. Additionally, the RBI shifted its stance to Neutral, opening the possibility of a rate cut in the second half of FY2025 (FY refers to financial year- April 01 to March 31).
This move is expected to benefit the real estate sector, a significant contributor to India’s GDP.
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