Gross Domestic Product

Repo rate is the interest at which RBI lends money to other banks, which are meant for consumer loans. It is also called short-term lending rate.

While India’s GDP will grow at 7.4% in 2018 and 7.8% in 2019; China is expected to grow at 6.8% and 6.4% during the same period. This means that Indian economy is on the right path, and the slowdown reported by demonetization and GST is a…