Global menu

Our global pages

Close

Eversheds comment: India rate cut will support jobs growth and greater investment

Eversheds comment: India rate cut will support jobs growth and greater investment
  • India

    29-09-2015

    Commenting on today's latest interest rate cut in India, Parmjit Singh, partner and India expert at law firm Eversheds, said:

    "There have been calls for several months for the Reserve Bank of India (RBI) to reduce interest rates. Whilst the economy continues to move forward, growth is still not sufficient to create the 15 million additional jobs per year that are needed for young Indians entering the workplace for the first time.

    "The RBI needs to encourage greater investment by Indian businesses and a reduction in interest rates is one tool available. Ultimately, cutting rates again won't be enough in isolation but is a positive move that should encourage the Indian Government and Indian businesses to do more."

     

    Parmjit Singh, Partner

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

    < Go back

    Print Friendly and PDF

    © Eversheds Sutherland 2021. All rights reserved. Eversheds Sutherland is a global provider of legal and other services operating through various separate and distinct legal entities.

    Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.