Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance Ltd.

“The RBI’s decision to hold the repo rate steady at 5.5% with a neutral policy stance reflects a balanced approach, prioritizing both inflation control and growth. The maintained GDP forecast of 6.5% for FY26 signals continued confidence in India’s domestic economic resilience, supported by strong rural demand and a gradual uptick in urban consumption. The downward revision of the inflation outlook to 3.1% from 3.7% is encouraging, suggesting easing price pressures and improved supply conditions.

RBI’s caution on external risks, particularly global uncertainties and geopolitical developments, could impact growth momentum. However, the policy outcome aligns well with the current economic context and provides stable business environment. We are optimistic about the credit demand outlook, especially in semi-urban and rural markets, and are well-positioned to support inclusive growth through sustained lending activity.”