Rate cuts not magic bullets’: Raghuram Rajan flags structural hurdles: urges reforms

Raghuram Rajan cautions that recent RBI repo rate cuts aren't a singular solution for boosting investments, highlighting the influence of transparent policies and competition. He observes that current interest rates aren't excessively high, and the impact of rate cuts will take time. Rajan also notes private sector investment is at an 11-year low, urging focus on core inflation.

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