Corporate India says rate cut not enough

On the infrastructure front, executives said capacity building would not be affected in near term

The Reserve Bank of India (RBI) on Wednesday cut its repo rate by 25 basis points to six per cent for the first time since October 2016. This came as the central bank's inflation outlook eased, prompting the measure.

But while the rate cut, coming after nearly a year, was welcomed by India Inc, industry captains and executives Business Standard spoke to said that a 50 basis point cut would have been ideal.

The reason for this, they said, was that a steeper cut would have spurred consumption demand in sectors such as consumer durables and automobiles. In infrastructure and