The new year has begun. This year you will get many good news one after the other. The first news is that your loan EMI will be reduced. Economic experts say that RBI can cut the repo rate in the monetary policy of February. This will reduce the EMI of all your loans including home and car. RBI has not cut interest rates for the last 2 years due to inflation. RBI is now expected to cut the repo rate. Along with the differences between the Finance Ministry and RBI on the slowdown in GDP and the debate of growth versus inflation, all eyes are also on the possible cut in interest rates in February, when the monetary policy committee of the central bank will meet for the first time under the leadership of new governor Sanjay Malhotra. The committee will meet soon after the Union Budget for the financial year 2025-26, in which the economic and fiscal blueprint of the Modi 3.0 government will be presented.

GDP will gallop

India's economy is expected to make more positive progress in 2025, leaving behind the sluggishness of the September quarter. Reserve Bank of India (RBI) economists said that high frequency indicators for the third quarter (July-September) of 2024-25 suggest that the economy is improving, driven by strong festive activity and continued growth in rural demand. The country's economic growth had fallen to a seven-quarter low of 5.4 per cent in July-September. However, Union Finance Minister Nirmala Sitharaman has termed it a 'temporary setback'. Sitharaman had said during a discussion in Parliament that the lower-than-expected GDP growth of 5.4 per cent in the second quarter is a temporary setback and the economy will see healthy growth in the coming quarters.

employment opportunities will increase 

With the return of growth in the Indian economy and increased spending by the government, new job opportunities will increase in many important sectors including infrastructure and manufacturing. This is good news for the youth. There is also a budget in February. In this too, the government can announce measures to increase employment. In the last budget, the government's focus was on job creation. ICRA Chief Economist Aditi Nair said that amid growing global uncertainty, geopolitics and conflict, central bank easing policy rates and commodity prices, tariff threats, etc., the economic scenario of the Indian economy seems quite bright from the domestic scenario. He said, the new medium-term fiscal path is expected to come out in the Union Budget for the upcoming financial year 2025-26. Later, the recommendations of the next Finance Commission will set the direction for fiscal policy. Given the global uncertainties and their impact on exports, the capacity addition of the private sector may remain somewhat cautious.