RBI has room to cut rates, offer targeted support, says Nirmala Sitharaman ahead of April 8 MPC meet

Finance Minister Nirmala Sitharaman indicated the Reserve Bank of India can reduce interest rates. The RBI also has scope to provide targeted support to sectors facing difficulties. This comes as India navigates a challenging global economic landscape. Public borrowing strategies will need to be smart. India's growth vision must consider external uncertainties and domestic factors like the monsoon.