“Fed Rate Cut’s Impact on India: Limited Impact”

• Chief Economic Adviser V Anantha Nageswaran predicts limited impact of the U.S. Federal Reserve’s 50 basis point interest rate cut on India.
• The cut is positive for emerging economies but not a “fillip for the global economy” due to other factors.
• The cut’s impact depends on how much of it was already “priced in” by the markets.
• The cut has already attracted investor interest, which is expected to be limited due to the market’s anticipation.
• Nageswaran dismisses concerns about private investors’ reluctance and asserts that the private sector has already joined the investment party.
• He advocates for a slower and stronger investment process, rather than a swifter and shorter one.