Yesterday, April 15th, 2016 governor Raghuram Rajan of the Reserve Bank of India (RBI) said that the RBI may LOWER its interest rates (lower? Yes, lower) if inflation continues to ease up and if India’s monsoon season turns out to be a good one. Governor Rajan further stated that India has “got it right” with our country’s financial policy in terms of managing our growing and emerging economy.
I could not agree more. At a time when the USA and other countries are thinking of INCREASING their interest rates, the RBI is considering LOWERING our interest rates in India. These guys could not be more wise. A lower interest rate will continue to help Indians to borrow money with which to start new businesses and thereby continue India’s rise as a world economic power.
In our lifetimes, we are witnessing the rise of prominence of India on the world’s stage. The day is soon arriving when India will be more than an “emerging economy.” India will soon be world economic power. It is through such excellent leadership like governor Rajan’s of the RBI that our economy will continue to thrive and grow. Indeed, the RBI has lowered its interest rate by an approximate cumulative amount of 1.5 per cent since a little over two years ago in January of 2015. Now THAT’S Indian leadership. That is the kind of leadership which has produced Indian native sons and daughters such as the current CEOs of companies such as Microsoft, Google and Pepsi. A slow, steady and PREDICTABLE decrease in interest rates allows us in India to better plan things. We know what to expect in terms of interest rates and therefore we can better plan when to take out loans to start, grow and/or expand businesses here in India.
This kind of Indian excellence is the excellence that is sprouting out like blooming flowers all over India in different and diverse industries from medicine to technology. Indian quality, intelligence and ability is on beautiful display on the world’s stage and making a wonderful name for itself.
Indian quality is equally greatly and wonderfully on display on IndiaFreelancers.com. On this platform/website some of the best and the brightest technology minds in India are available to be employed. Via IndiaFreelancers.com people from all over the world – Europe, China, America and many other countries – are able to hire our excellent, outstanding and superb technical minds here in India – for the betterment of the planet and the continued growth worldwide of the Indian name as a symbol of quality. So we tell our outstanding Freelancers on IndiaFreelancers.com to carefully continue to “watch your world”. Keep an eye on things such as interest rates and what the Reserve Bank of India (RBI) and other institutions do so you can continue to be the crest of the wave that brings India into the 22nd century. We here at Blog.IndiaFreelancers.com will continue to keep you informed of what is happening around you as you continue your journey for India’s glory.
Ranjiv P for IndiaFreelancers.com