Will RBI opt for a jumbo rate cut to revive the economy?

Economists are increasingly advocating for a larger 50-basis-point interest rate cut by the Monetary Policy Committee, citing benign future price pressures and subdued credit demand. Proponents believe this move would revive the credit cycle and provide a stronger boost to economic growth, counterbalancing uncertainty. Inflation is expected to remain within the mandated legal band, further justifying the substantial rate reduction.