India’s Inflation At 4–5% Is Healthy, Further Rate Cuts Won’t Boost Growth Says Amitabh Chaudhry

In an exclusive conversation from Davos, Siddharth Zarabi speaks with Amitabh Chaudhry about India’s interest rate outlook and the health of retail lending. Chaudhry says interest rates are already supportive of growth, and further cuts may not significantly boost investment. Inflation is expected to stay around 4–5%, which he believes is reasonable for a growing economy. He also discusses the recovery in retail credit after a slowdown, highlighting improved underwriting, GST cuts, and rising borrower confidence. Sectors like autos, real estate, and consumption are showing revival, signaling a positive growth story ahead.