In a significant development for the Indian economy, the Reserve Bank of India (RBI) has announced a reduction in the repo rate by 25 basis points to 5.75%. This move is aimed at boosting economic growth and addressing the slowdown faced by various sectors. The repo rate is the rate at which the RBI lends money to commercial banks. A lower repo rate is expected to lead to reduced borrowing costs for businesses and individuals, which in turn can stimulate investment and consumption. The RBI’s decision comes in the wake of slowing GDP growth and subdued inflation, providing a much-needed stimulus to the economy. The central bank also revised its GDP growth forecast for the current fiscal year downwards to 7%, from the earlier estimate of 7.2%. The RBI’s move is likely to be welcomed by industry experts and policymakers as a step towards reviving economic growth in the country. The reduction in the repo rate is expected to have a positive impact on sectors such as real estate, auto, and consumer goods, which have been facing challenges due to the economic slowdown. It is hoped that the RBI’s monetary policy measures will help in boosting investor sentiment and overall economic activity in India.